Hibbett Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Hibbett, Inc. HIBB is expected to release its financial results for the fourth quarter, before the opening bell on March 15, 2024.

Analysts expect the Birmingham, Alabama-based company to report quarterly earnings at $2.56 per share, down from $2.91 per share in the year-ago period. Hibbett is projected to post revenue of $477.49 million for the latest quarter, compared to $458.3 million in the year-earlier quarter, according to data from Benzinga Pro.

On Nov. 21, Hibbett reported third-quarter sales of $431.92 million, beating the analyst consensus of $416.02 million.
Hibbett shares fell 1.8% to close at $73.03 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and boosted the price target from $73 to $82 on March 13, 2024. This analyst has an accuracy rate of 74%.
• Baird analyst Peter Benedict maintained an Outperform rating and raised the price target from $50 to $56 on Aug. 28, 2023. This analyst has an accuracy rate of 70%.
• Benchmark analyst John Lawrence reiterated a Buy rating with a price target of $80 on Aug. 28, 2023. This analyst has an accuracy rate of 68%.
• Williams Trading analyst Sam Poser upgraded the stock from Hold to Buy on Aug. 25, 2023. This analyst has an accuracy rate of 71%.

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