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

Hibbett

21/11/2023 14:32

* Hibbett Inc  HIBB.OQ  reported quarterly adjusted earnings
of
$2.05​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of
$1.94.  The mean expectation of eight analysts for the quarter
was for earnings of $1.18 per share. Wall Street expected
results to range from $1.06  to $1.45 per share.
    * Revenue fell 0.3% to $431.92 million from a year ago;
analysts
expected $416.65 million. 
    * Hibbett Inc's reported EPS for the quarter was $2.05​.
    * The company reported quarterly net income of $25.5
million.
    * Hibbett Inc shares had risen by 12.9% this quarter and
lost 21.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for Hibbett Inc
is
$59.00 

This summary was machine generated from LSEG data November 21 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jan. 31 2023      2.94           2.91           Missed