Hibbett Likely To Post Sharp Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Hibbett, Inc. HIBB is expected to report financial results for the second quarter ended July 29, 2023, before the opening bell on Aug. 25, 2023.

Analysts expect the company to post quarterly earnings at 73 cents per share, down sharply from year-ago earnings of $1.86 per share. The company’s revenue might come in at $376.11 million, compared to $392.81 million in the year-ago period.

Hibbett shares fell 1.8% to close at $36.86 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.

• Baird analyst Peter Benedict maintained an Outperform rating and cut the price target from $70 to $50 on May 30, 2023. This analyst has an accuracy rate of 66%.
• Williams Trading analyst Sam Poser downgraded the stock from Hold to Sell and cut the price target from $54 to $37 on May 26, 2023. This analyst has an accuracy rate of 76%.
• B. Riley Securities analyst Anna Glaessgen initiated coverage on the stock with a Neutral rating and a price target of $37 on June 29, 2023. This analyst has an accuracy rate of 59%.

Read This Next: Top 5 Materials Stocks You'll Regret Missing This Quarter