Hibbett Analysts On Q2 Earnings: 'Back-To-School Off To Strong Start'
Portfolio Pulse from Priya Nigam
Hibbett Inc's shares rose after the company reported an earnings beat for Q2. Analysts from B. Riley Securities and Baird Equity maintained a Neutral and Outperform rating respectively, while raising the price targets. The earnings beat and reiteration of full-year guidance were impressive despite a challenging operating environment and guidance reductions by peers Foot Locker Inc and Dick's Sporting Goods Inc.
August 28, 2023 | 4:20 pm
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POSITIVE IMPACT
Hibbett Inc reported an earnings beat for Q2, leading to a rise in its shares. Analysts maintain a positive outlook.
The earnings beat and positive outlook from analysts are likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dick's Sporting Goods Inc was mentioned as a peer of Hibbett Inc that has reduced its guidance.
The mention of Dick's Sporting Goods' guidance reduction in comparison to Hibbett's earnings beat could negatively impact investor sentiment and potentially drive the stock price down in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Foot Locker Inc was mentioned as a peer of Hibbett Inc that has reduced its guidance.
The mention of Foot Locker's guidance reduction in comparison to Hibbett's earnings beat could negatively impact investor sentiment and potentially drive the stock price down in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50