Hibbett Inc reports results for the quarter ended in January - Earnings Summary

Hibbett

15/03/2024 13:31

* Hibbett Inc  HIBB.OQ  reported quarterly adjusted earnings
of
$2.55​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$2.91.  The mean expectation of eight analysts for the quarter
was for earnings of $2.56 per share. Wall Street expected
results to range from $2.45  to $2.62 per share.
    * Revenue rose 1.8% to $466.59 million from a year ago;
analysts
expected $477.49 million. 
    * Hibbett Inc's reported EPS for the quarter was $2.55​.
    * The company reported quarterly net income of $30.88
million.
    * Hibbett Inc shares had risen by 1.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Hibbett Inc is
$76.50 
This summary was machine generated from LSEG data March 15 at
01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      2.56           2.55           Missed
 Oct. 31 2023      1.18           2.05           Beat
 Jul. 31 2023      0.74           0.85           Beat
 Apr. 30 2023      3.00           2.74           Missed