Hibbett Likely To Post Sharp Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Hibbett, Inc. (NASDAQ:HIBB) is expected to report a sharp decline in Q2 earnings, with analysts predicting earnings of 73 cents per share, down from $1.86 per share a year ago. The company's revenue is also expected to decrease to $376.11 million from $392.81 million. Hibbett shares fell 1.8% to close at $36.86 on Thursday. Analysts from Baird, Williams Trading, and B. Riley Securities have recently adjusted their price targets for the company.
August 25, 2023 | 6:13 am
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Hibbett, Inc. is expected to report a sharp decline in Q2 earnings, which could negatively impact the stock price. Analysts have also adjusted their price targets for the company.
The expected sharp decline in Hibbett's Q2 earnings and the decrease in revenue could negatively impact investor sentiment and drive the stock price down. Additionally, recent adjustments in price targets by analysts could further influence the stock's performance.
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IMPORTANCE 80
RELEVANCE 100