Recap: Hibbett Q4 Earnings

Hibbett HIBB reported its Q4 earnings results on Friday, March 4, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Hibbett missed estimated earnings by 7.41%, reporting an EPS of $1.25 versus an estimate of $1.35.

Revenue was up $6.52 million from the same period last year.

Last quarter the company beat on EPS by $0.11 which was followed by a 4.27% drop in the share price the next day.

Here's a look at Hibbett's past performance:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	1.57	1.42	2.77	1.37
EPS Actual	1.68	2.86	5	1.40
Revenue Estimate	360.63M	320.89M	412.92M	378.42M
Revenue Actual	381.72M	419.26M	506.86M	376.83M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Hibbett management provided guidance for their next quarter, expecting earnings between $1.18 and $1.25 per share for the next quarter.

This represents a -2.8% in quarter-over-quarter growth for Hibbett, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.