Hibbett Sports Earnings Preview: Can This Streak Continue?

Hibbett Sports (NASDAQ:HIBB) will report earnings before markets open on Friday, May 24th. Hibbett Sports Inc. operates a chain of sporting goods stores in the southeastern United States. The stores sell athletic footwear, apparel, and equipment.

Here is your Cheat Sheet to Hibbett Sports Earnings:

Earnings Expectations: Analysts expect earnings of $1.07 per share on revenues of $246.41 million. Currently, the company’s P/E ratio stands at 22.35.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.39 to a profit $0.38. For the current year, the average estimate is a profit of $3.03, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Hibbett Sports has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 564 593 665 733 819
Diluted EPS ($) 1.02 1.12 1.60 2.15 2.72

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 232.91 165.45 202.93 217.41
Diluted EPS ($) 0.98 0.30 0.71 0.73

Past Performance:
Hibbett Sports has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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