Hibbett Q1 EPS $2.74 Misses $3.04 Estimate, Sales $455.50M Miss $460.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hibbett reported Q1 earnings of $2.74 per share, missing the analyst consensus estimate of $3.18 by 13.84%. Quarterly sales were $455.50 million, missing the estimate of $470.57 million by 3.20%. This is a 5.19% decrease in earnings and a 7.42% increase in sales compared to the same period last year.
May 26, 2023 | 10:31 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Hibbett's Q1 earnings and sales missed analyst estimates, with a 5.19% decrease in earnings and a 7.42% increase in sales compared to last year.
Hibbett's Q1 earnings and sales both missed analyst estimates, which could negatively impact investor sentiment and lead to a short-term decline in the stock price. The 5.19% decrease in earnings and the 7.42% increase in sales compared to the same period last year may also contribute to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100