Benzinga | Mar 4, 2021 10:07AM EST

Earnings Preview for Hibbett Sports

On Friday, March 05, Hibbett Sports (NASDAQ:HIBB) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Hibbett Sports earnings will be near $1.37 per share on sales of $378.42 million, according to analysts. In the same quarter last year, Hibbett Sports reported EPS of $0.51 on revenue of $313.02 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Friday, quarterly profit would be up 168.63%. Revenue would be have grown 20.89% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020EPS Estimate 0.45 1.15 0.65 0.62EPS Actual 1.45 2.95 0.31 0.51Revenue Estimate 286.42 M 349.58 M 243.67 M 303.63 MRevenue Actual 331.38 M 441.61 M 269.84 M 313.02 M

Stock Performance

Over the last 52-week period, shares of Hibbett Sports are up 227.76%.

Do not be surprised to see the stock move on comments made during its conference call. Hibbett Sports is scheduled to hold the call at 10:00:00 ET and can be accessed here.