Hub Group, Inc. (NASDAQ: HUBG) reported Q2 EPS of $0.66, $0.17 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.1 billion.

Highlights of the quarter

• 28% revenue growth
• 34% gross margin growth
• 93% increase in operating income
• Raising guidance - Expect 2018 diluted EPS will range from $2.73 to $2.83
• Strong intermodal pricing environment

2018 Outlook

We expect that our 2018 diluted earnings per share will range from $2.73 to $2.83. We estimate that our 2018 capital expenditures will range from $200 million to $220 million. We project our effective tax rate will range from 24.5% to 25.5%.

GUIDANCE:

Hub Group, Inc. sees FY2018 EPS of $2.73-$2.83, versus the consensus of $2.44.

For earnings history and earnings-related data on Hub Group, Inc. (HUBG) click here.