Hibbett Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Hibbett, Inc. (NASDAQ:HIBB) is set to announce its Q4 financial results on March 15, 2024, with analysts forecasting a decrease in earnings per share from $2.91 to $2.56 compared to the same period last year. However, revenue is expected to increase to $477.49 million from $458.3 million. Following a Q3 sales beat, Hibbett's stock fell 1.8% to $73.03. Analysts from Telsey Advisory Group, Baird, Benchmark, and Williams Trading have recently updated their ratings and price targets for HIBB, showing a positive outlook.
March 15, 2024 | 7:13 am
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POSITIVE IMPACT
Hibbett, Inc. is anticipated to report a decrease in EPS but an increase in revenue for Q4. The stock recently fell 1.8% but analysts have updated their ratings and price targets, indicating a positive outlook.
The anticipation of Hibbett's Q4 earnings shows a mixed financial performance with a decrease in EPS but an increase in revenue. The recent stock price drop could be a reaction to the earnings forecast, but the positive adjustments in analyst ratings and price targets suggest confidence in the company's longer-term performance. This analysis considers the recent analyst upgrades and the company's performance in Q3, which exceeded expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100