Hibbett (HIBB) Q4 Earnings & Sales In Line With Estimates

Hibbett Sports, Inc. (HIBB - Free Report) came out with fourth-quarter fiscal 2017 results, wherein earnings of 54 cents per share slumped 28.9% year over year, though it came in line with the Zacks Consensus Estimate.

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Hibbett Sports, Inc. Price and EPS Surprise

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Hibbett Sports, Inc. Price and EPS Surprise | Hibbett Sports, Inc. Quote

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has shown a slight downtrend over the last 30 days. Further, in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 1.1%.

Revenues: Hibbett generated total sales of nearly $246.9 million that climbed 0.5% year over year, almost meeting the Zacks Consensus Estimate of $247 million. However, comparable store sales dipped 2.2%.

Key Events: Hibbett repurchased 342,200 million shares worth $11.4 million during the quarter, following which it had shares worth roughly $257.9 million remaining under its standing authorization as of Jan 28, 2017.

Outlook: Following the results, the company issued its fiscal 2018 outlook. For fiscal 2018, which will have an additional week, the company expects earnings to range from $2.65 - $2.85 per share. Further, comps growth is anticipated in low-single digit range.

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