Hibet Sports (NASDAQ:HIBB) is scheduled to release its latest quarterly earnings report on Friday, 03/04/2022. Here’s what investors need to know ahead of the announcement.
Analysts estimate that Hibbett Sports will report a earnings per share (EPS) $1.35.
Hibbett Sports bulls are hoping to hear the company announce that it has not only exceeded this estimate, but also provide positive indications or expected growth for the next quarter.
New investors should note that sometimes it’s not an earnings beat or miss that most affects a stock’s price, but direction (or forecast).
Historical Earnings Performance
Last quarter, the company beat EPS by $0.11, followed by a 0.0% decline in share price the next day.
Here’s a look at Hibbett Sports’ past performance and the resulting price change:
| Trimester | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS estimate | 1.57 | 1.42 | 2.77 | 1.37 |
| Actual EPS | 1.68 | 2.86 | 5 | 1.40 |
| Price change % | -4.27% | -9.23% | -2.93% | -3.93% |
Stock performance
Shares of Hibbett Sports were trading at $47.86 as of March 1. Over the past 52-week period, shares are down 17.48%. Since these yields are typically negative, long-term shareholders are likely bearish ahead of this earnings release.
If you want to keep track of all upcoming revenue announcements, check out our revenue calendar here
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