Hibbett (HIBB) Stock Up On Q3 Earnings Beat & Raised View
Zacks Investment Research | Nov 24, 2019 09:49PM ET
Shares of Hibbett Sports Inc. (NASDAQ:HIBB) gained 14.7% on Nov 22, driven by strong third-quarter fiscal 2020 results. The company’s top and bottom lines beat the Zacks Consensus Estimate and improved year over year. Results were driven by solid contributions from the City Gear business as well as strong in-store and online sales. Further, the company raised the view for fiscal 2020.
In the past three months, the Zacks Rank #2 (Buy) stock has rallied 72.5% against the industry ’s 6.2% decline.
Q3 Highlights
Hibbett’s adjusted earnings of 32 cents per share increased substantially from 14 cents reported in the year-ago quarter. The bottom line also surpassed the Zacks Consensus Estimate of 13 cents by a wide margin.
Hibbett Sports, Inc. Price, Consensus and EPS Surprise
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