Hibbett Sports, Inc. (NASDAQ:HIBB) is expected to report second quarter earnings results, before market open, on Friday 28th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.15 per share from revenue of $ 349.58 million.
Looking ahead, the full year income are expected at $ 2.36 per share on the revenues of $ 1216.79 million.
Previous Quarter Performance
Hibbett Sports, Inc. recorded income for the first quarter of $ 0.31 per share, from the revenue of $ 269.84 million. The quarterly earnings 80.75 percent while revenues decreased 17.25 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.65 per share from $ 243.67 million in revenue. The bottom line results missed street analysts by $ 0.34 or 52.31 percent, at the same time, top line results outshined analysts by $ 26.17 million or 10.74 percent.
Stock Performance
Shares of Hibbett Sports, Inc. traded up $ 0.64 or 2.17 percent on Thursday, reaching $ 30.10 with volume of 1.20 million shares. Hibbett Sports, Inc. has traded high as $ 30.67 and has cracked $ 29.22 on the downward trend
According to the previous trading day, closing price of $ 30.10, representing a 301.91 % increase from the 52 week low of $ 7.33 and a 4.91 % decrease over the 52 week high of $ 30.98.
The company has a market capital of $ 497.63 million and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 2nd July 2020, upgraded by Bank of America to Buy from Underperform rating, with $ 30.00 target price.
Conference Call
Hibbett Sports, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th August 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, (212)271-4615 Toll Free in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/e4ek24uj
Hibbett Sports, Inc., together with its subsidiaries, engages in the retail of athletic-inspired fashion products through its stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates hibbett.com and citygear.com e-commerce Websites.
