Hibbett Q4 EPS $2.55, Inline, Sales $466.59M Miss $477.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hibbett reported Q4 earnings of $2.55 per share, meeting analyst estimates but marking a 12.37% decrease from last year. Sales were $466.59M, missing estimates by 2.28% but showing a 1.81% increase from the previous year.
March 15, 2024 | 10:31 am
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NEUTRAL IMPACT
Hibbett's Q4 earnings per share met expectations but showed a decrease from the previous year, while sales missed estimates but increased slightly YOY.
Meeting EPS estimates but showing a year-over-year decrease could be seen as a mixed signal by investors, potentially stabilizing the stock price. Missing sales estimates might concern investors, but the slight YOY increase could mitigate negative impacts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100