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Hibbett Sports's Earnings Outlook

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Hibbett Sports (NASDAQ: HIBB) announces its next round of earnings this Friday, November 20. Here is Benzinga's everything-that-matters guide for this Friday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Hibbett Sports EPS is expected to be around $0.45, according to sell-side analysts. Sales will likely be near $286.42 million. Hibbett Sports reported a per-share profit of $0.32 when it published results during the same quarter last year. Sales in that period totaled $275.48 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate, earnings would be up 40.62%. Sales would be have grown 3.97% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.15 0.65 0.62 0.15
EPS Actual 2.95 0.31 0.51 0.32
Revenue Estimate 349.58 M 243.67 M 303.63 M 260.75 M
Revenue Actual 441.61 M 269.84 M 313.02 M 275.48 M

Stock Performance

Shares of Hibbett Sports were trading at $40.3 as of November 18. Over the last 52-week period, shares are up 41.58%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Hibbett Sports is scheduled to hold the call at 10:00:00 ET and can be accessed here.

 

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Posted-In: Earnings