Hibbett shares are trading higher after the company reported a year-over-year increase in Q3 EPS results and better-than-expected revenue results. Also, the company raised its FY24 EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
Hibbett's stock is trading higher following the announcement of improved Q3 earnings per share (EPS) compared to last year and revenue results that exceeded expectations. Additionally, the company has increased its earnings guidance for the fiscal year 2024.
November 21, 2023 | 4:34 pm
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Hibbett reported a year-over-year increase in Q3 EPS and better-than-expected revenue, leading to a rise in stock price. The company also raised its FY24 EPS guidance, signaling confidence in future performance.
The positive earnings report and raised guidance are strong indicators of the company's financial health and future prospects, which typically lead to increased investor confidence and a higher stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100