Hibbett Sports: Here’s What Investors Need to Know Before Earnings

Hibbett Sports (NASDAQ:HIBB) will report earnings before markets open on Friday, August 23rd. Hibbett Sports Inc. operates a chain of sporting goods stores in the southeastern United States. The stores sell athletic footwear, apparel, and equipment.

Here is your Cheat Sheet to Hibbett Sports Earnings:

Earnings Expectations: Analysts expect earnings of $0.39 per share on revenues of $185.99 million. Currently, the company’s P/E ratio stands at 21.78.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.78 to a profit $0.75. For the current year, the average estimate is a profit of $2.94, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Hibbett Sports has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 564 593 665 733 819
Diluted EPS ($) 1.02 1.12 1.60 2.15 2.72

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013 Apr. 30, 2013
Revenue ($) in millions 165.45 202.93 217.41 239.99
Diluted EPS ($) 0.30 0.71 0.73 1.00

Past Performance:
Hibbett Sports has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)