Hibbett (HIBB) Reports Q2: Everything You Need To Know Ahead Of Earnings

November 14, 2024 at 02:00 AM EST

HIBB Cover Image

Athletic apparel and footwear retailer Hibbett (NASDAQ: HIBB) is expected to be reporting results tomorrow before market open. Here’s what investors should know.

Hibbett missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $447.2 million, down 1.8% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ gross margin estimates but a slight miss of analysts’ EBITDA estimates.

Is Hibbett a buy or sell going into earnings? Read our full analysis here, it’s free.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

With Hibbett being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for specialty retail stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

About Us

Additional Information

Website & Technical Help

Hibbett (HIBB) Reports Q2: Everything You Need To Know Ahead Of Earnings

More News