Hibbett Q2 EPS $0.85 Beats $0.73 Estimate, Sales $374.90M Miss $376.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hibbett (NASDAQ:HIBB) reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.73 by 16.44%. However, this is a 54.3% decrease from the same period last year. The company's quarterly sales of $374.90 million missed the analyst consensus estimate of $376.11 million by 0.32%, marking a 4.56% decrease from the same period last year.
August 25, 2023 | 10:31 am
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Hibbett's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Hibbett's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and the missed sales estimates, along with a YoY decrease in sales, are negative indicators. This could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100