Hub Group (HUBG) Shares Up 7% on Strong Q4 Beat and 2022 Outlook

Hub Group, Inc. (NASDAQ: HUBG) shares rose around 7% after-hours following the company’s reported Q4 results, with revenue of $1.3 billion (up 32% year-over-year) coming in better than the Street estimate of $1.18 billion. The record revenue was driven by strong freight demand conditions, combined with the attractive value proposition of the company’s service offerings. Quarterly EPS came in at $2.48, beating the consensus estimate of $1.43.

For the full 2021-year, revenue increased 21% to $4.2 billion.

The company provided its 2022 outlook, expecting an EPS in the range of $5.90-$6.30, compared to the consensus estimate of $5.02. Annual revenue is expected to be $4.9-5.1 billion, compared to the consensus estimate of $4.82 billion.

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