Hibbett Q3 EPS $2.05 Up From $1.94 YoY, Sales $431.92M Beat $416.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hibbett Sports, Inc. (NASDAQ: HIBB) reported Q3 earnings per share (EPS) of $2.05, a 5.67% increase from $1.94 YoY. Quarterly sales were $431.92M, surpassing the $416.02M estimate but marking a slight 0.29% decrease from $433.16M in the same period last year.
November 21, 2023 | 11:32 am
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POSITIVE IMPACT
Hibbett Sports reported a higher-than-expected Q3 EPS of $2.05 and sales of $431.92M, indicating a positive performance despite a slight sales decline YoY.
The positive earnings report, with an EPS increase and sales exceeding analyst expectations, is likely to instill investor confidence and could lead to a short-term uptick in HIBB's stock price. However, the slight decrease in year-over-year sales may temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100