Hubbell Incorporated · HUBB · FY2024 Q4 · Calendar Q1 2025

Hubbell pairs strong profit growth with improving utility demand signals

The supplied analysis supports a constructive but qualified view: grid modernization, data-center and renewables demand, operational improvements and acquisitions are supporting profit growth, while tariff exposure, telecom weakness and channel normalization remain material tests.

Reported Before market openNYSEIndustrials $24.36B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $4.01
EPS surprise — Reported versus consensus
Reported revenue — Consensus $1.41B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -1.9% Event window
SPY move +0.7% Same window
Abnormal move -2.6% Stock minus SPY
Volume 2.6× Versus trailing sessions
Subsequent drift -11.7% Up to 20 sessions
HUBBSPY benchmark

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Transcript intelligence

What changed

Compared with the prior quarter, management’s analysis points to improving utility inventory conditions, with book-to-bill above 1, while Systems Control integration and additional acquisitions remain central to the growth plan. Capital spending is now characterized as increasing.

Guidance delta

Management maintained its 2025 outlook for 4–5% organic growth, continued margin expansion and at least 90% free-cash-flow conversion.

Key takeaways

  • Adjusted EPS of $16.57 beat the high end of prior guidance, while Q4 revenue was flat.
  • Utility inventory destocking appears to be easing; grid infrastructure book-to-bill moved above 1.
  • Data-center, renewables and light-industrial demand supported roughly 20% Electrical-segment margin.

Management priorities

  • Expand capacity in high-growth areas through increased capital spending.
  • Integrate Systems Control and pursue further acquisitions.
  • Continue shifting Electrical toward higher-growth verticals.

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Earnings History

Estimate Beat Miss Match
HUBB EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $3.54 Q1 '24 actual $3.60, beat Q2 '24 estimate $4.24 Q2 '24 actual $4.37, beat Q3 '24 estimate $4.45 Q3 '24 actual $4.49, beat Q2 '25 estimate $4.36 Q2 '25 actual $4.93, beat Q3 '25 estimate $4.98 Q3 '25 actual $5.17, beat Q4 '25 estimate $4.71 Q4 '25 actual $4.73, beat Q1 '26 estimate $3.87 Q1 '26 actual $3.93, beat Q2 '26 estimate $5.39 Q2 '26 actual $5.52, beat Q3 '26 estimate $5.76 Q4 '26 estimate $5.05 Q1 '27 estimate $4.47
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Analyst Consensus ?

ConsensusHold17 ratings
Bullish741.2%
Neutral952.9%
Bearish15.9%

Analyst 52W Price Targets

$464.92Current
$190Low
$482.65Average
$630High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 19, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Mizuho Outperform OutperformMaintainOct 15, 2026
Morgan Stanley Equal Weight Equal WeightMaintainSep 2, 2026
Stephens & Co. Overweight OverweightMaintainMay 4, 2026
Barclays Equal Weight Equal WeightMaintainMay 4, 2026
Wells Fargo Overweight OverweightMaintainMay 1, 2026
JP Morgan Neutral NeutralMaintainFeb 4, 2026
Evercore ISI Group Outperform OutperformMaintainFeb 4, 2026
Deutsche Bank Hold BuyDowngradeNov 26, 2024
Wolfe Research Peer Perform UnderperformUpgradeAug 11, 2023
UBS Sell SellMaintainMay 16, 2023
CFRA Buy BuyMaintainApr 30, 2020
Gabelli & Co. Buy BuyMaintainAug 21, 2019
Oppenheimer Market Perform OutperformDowngradeJan 8, 2019
JMP Securities Outperform Market PerformUpgradeJun 18, 2018
Barrington Research Neutral NeutralMaintainMay 13, 2016
Wunderlich Securities Hold HoldMaintainOct 23, 2012
Wunderlich Hold HoldMaintainOct 23, 2012
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Named analyst price targets

Upside is calculated against the persisted current price $464.92. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleyAnalyst unavailable$600$466.41 +29.1%Oct 16, 2026
Mizuho SecuritiesAnalyst unavailable$560$473.37 +20.5%Oct 15, 2026
Evercore ISIAlex Virgo$630$475.4 +35.5%Oct 9, 2026
Seaport GlobalScott Graham$580$459.33 +24.8%Sep 30, 2026
Wells FargoAnalyst unavailable$531$465.88 +14.2%Sep 24, 2026
Morgan StanleyAnalyst unavailable$575$441.87 +23.7%Sep 2, 2026
Robert W. BairdAnalyst unavailable$550$469.76 +18.3%Aug 20, 2026
UBSNeal Burk$515$510.86 +10.8%Jun 16, 2026
StephensAnalyst unavailable$600$508.43 +29.1%May 4, 2026
BarclaysAnalyst unavailable$503$508.43 +8.2%May 4, 2026
Morgan StanleyAnalyst unavailable$565$477.97 +21.5%Mar 11, 2026
StephensAnalyst unavailable$550$487.16 +18.3%Feb 5, 2026
Mizuho SecuritiesAnalyst unavailable$575$503.86 +23.7%Feb 4, 2026
Wells FargoJoseph O'Dea$550$503.86 +18.3%Feb 4, 2026
BarclaysJulian Mitchell$481$503.86 +3.5%Feb 4, 2026
Morgan StanleyAnalyst unavailable$515$468.59 +10.8%Jan 7, 2026
BarclaysJulian Mitchell$465$477.46 +0.0%Jan 7, 2026
Wells FargoJoseph O'Dea$515$477.46 +10.8%Jan 7, 2026
Mizuho SecuritiesAnalyst unavailable$500$466.78 +7.5%Jan 5, 2026
Evercore ISIAnalyst unavailable$575$448.13 +23.7%Dec 15, 2025
UBSNeal Burk$450$448.74 -3.2%Dec 12, 2025
Seaport GlobalAnalyst unavailable$515$470.2 +10.8%Oct 29, 2025
Wells FargoJoseph O'Dea$500$455.34 +7.5%Oct 29, 2025
BarclaysAnalyst unavailable$456$455.34 -1.9%Oct 29, 2025
Mizuho SecuritiesAnalyst unavailable$480$428.82 +3.2%Oct 17, 2025
Wells FargoJoseph O'Dea$490$430.15 +5.4%Sep 2, 2025
Wells FargoJoseph O'Dea$420$410.51 -9.7%Jul 1, 2025
BarclaysAnalyst unavailable$422$354.95 -9.2%Mar 3, 2025
Wells FargoJoseph O'Dea$450$433.96 -3.2%Jan 7, 2025
BernsteinChad Dillard$535$436.93 +15.1%Nov 5, 2024
Morgan StanleyChristopher Snyder$445$433.66 -4.3%Oct 30, 2024
Wells FargoJoseph O'Dea$455$440.12 -2.1%Oct 29, 2024
Morgan StanleyChris Snyder$407$370.42 -12.5%Sep 6, 2024
Deutsche BankNicole DeBlase$441$370.42 -5.1%Sep 5, 2024
BarclaysJulian Mitchell$368$379.8 -20.8%Jul 31, 2024
Wells FargoJoseph O'Dea$397$370.52 -14.6%May 1, 2024
BarclaysJulian Mitchell$400$416.8 -14.0%Apr 2, 2024
Morgan StanleyAnalyst unavailable$238$232.65 -48.8%Feb 1, 2023
UBSAnalyst unavailable$225$234.49 -51.6%Jan 4, 2023
UBSAnalyst unavailable$254$243.86 -45.4%Nov 17, 2022
Morgan StanleyAnalyst unavailable$206$205.03 -55.7%Jul 27, 2022
Wells FargoAnalyst unavailable$188$180.9 -59.6%Jun 29, 2022
Morgan StanleyJoshua Pokrzywinski$190$197.96 -59.1%Jun 7, 2022
Wells FargoAnalyst unavailable$200$203.38 -57.0%Apr 28, 2022
Mizuho SecuritiesBrett Linzey$220$185.5 -52.7%Feb 7, 2022
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Company context

Snapshot as of publication

Hubbell, Inc. engages in the designing, manufacturing, and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates through the Electrical Solutions and Utility Solutions segments. The Electrical Solutions segment manufactures and sells wiring and electrical, lighting fixtures, and controls for indoor and outdoor applications as well as specialty lighting and communications products. The Utility Solutions segment is involved in the design, manufacture, and sale of electrical distribution, transmission, substation, and telecommunications products. The company was founded by Harvey Hubbell II in 1888 and is headquartered in Shelton, CT.

Historical context

All HUBB earnings

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-01-21T00:01:13.267231+00:00
  3. Polygon adjusted daily market bars · 2026-10-19T21:20:44.111755+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T21:20:44.107973+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.