A Preview Of Hibbett's Earnings
Portfolio Pulse from Benzinga Insights
Hibbett (NASDAQ:HIBB) is expected to report an EPS of $2.55 in its upcoming quarterly earnings on March 15, 2024. Analysts and investors are looking for an earnings beat and positive guidance for future growth. Historical data shows Hibbett's stock price reacts to both earnings outcomes and guidance. Last quarter, Hibbett beat the EPS estimate by $0.87, leading to a 1.33% stock price increase. Over the last year, HIBB shares have risen by 22.82%.
March 14, 2024 | 2:01 pm
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Hibbett is anticipated to report a quarterly EPS of $2.55 on March 15, 2024. The company's historical performance indicates a potential positive reaction in its stock price if it beats the EPS estimate and provides optimistic future guidance.
Given Hibbett's history of beating EPS estimates and the subsequent positive stock price reactions, a similar outcome could be expected if the company beats the $2.55 EPS estimate and provides favorable guidance. The stock has shown to react to both earnings outcomes and forward-looking statements, with a 22.82% increase over the last year indicating strong investor confidence.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100