Hibbett Earnings: What To Look For From HIBB
Athletic apparel and footwear retailer Hibbett (NASDAQ:HIBB) will be reporting results tomorrow before the bell. Here's what investors should know.
Last quarter Hibbett reported revenues of $431.9 million, down 0.3% year on year, beating analyst revenue expectations by 3.7%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates and optimistic earnings guidance for the full year.
Is Hibbett buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Hibbett's revenue to grow 4.2% year on year to $477.5 million, slowing down from the 19.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.56 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings.
Looking at Hibbett's peers in the apparel and footwear retail segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Foot Locker delivered top-line growth of 2% year on year, beating analyst estimates by 4.6% and Abercrombie and Fitch reported revenues up 21.1% year on year, exceeding estimates by 1.5%. Foot Locker traded down 18.7% on the results, Abercrombie and Fitch was flat on the results.
Read our full analysis of Foot Locker's results here and Abercrombie and Fitch's results here.
There has been positive sentiment among investors in the apparel and footwear retail segment, with the stocks up on average 4.2% over the last month. Hibbett is up 3.1% during the same time, and is heading into the earnings with analyst price target of $73.1, compared to share price of $74.6.
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