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.
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 $3.03, which is the same as the estimate ninety days ago.
Here’s how Hibbett Sports has been performing on an annual basis:
|Revenue ($) 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|
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)