hubbell" class="internal-tag-link">Hubbell, Inc. (NYSE:HUBB) presents a mixed picture: strong earnings but softer sales. Q3 adjusted EPS hit $5.17, above estimates of $4.99. However, sales missed by 2.5% and adjusted EBITDA fell short.
The Utility Solutions segment underperformed, while Electrical Solutions exceeded expectations. Management raised full-year EPS guidance but cut organic sales growth. The company focuses on M&A for 2026, with a healthy balance sheet (debt/equity 0.73).
Analysts project EPS of $18.24 for FY2026 and $19.87 for FY2027. T&D demand is strong, and order momentum is positive. Risks include slow recovery in Grid Automation and Telecom. Barclays rates Hubbell Equal Weight with a $456 price target.
