UPDATE: Hibbett Q1 EPS $2.74 Misses $3.04 Estimate, Sales $455.50M Miss $460.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hibbett Sports reported Q1 earnings of $2.74 per share, missing the analyst consensus estimate of $3.04 by 9.87%. Quarterly sales were $455.50 million, missing the estimate of $460.40 million by 1.06%. 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 | 10:36 am
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Hibbett Sports' Q1 earnings and sales missed analyst estimates, with a 5.19% decrease in earnings and a 7.42% increase in sales YoY.
Hibbett Sports' Q1 earnings and sales missed analyst estimates, which may lead to a negative short-term impact on the stock price. The 5.19% decrease in earnings and 1.06% miss in sales could cause investor concern and result in selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100