Hibbett Sports (HIBB, $21.70) beats Q4 earnings and revenue estimates

Hibbett Sports seems to have hit its latest results out of the park.

Reporting adjusted earnings of 57 cents per share for its fourth quarter ended Feb. 2, the sporting goods retailer crushed analysts’ estimates of 39 cents.

What’s more, Hibbett’s quarterly revenue of $306 million surpassed estimates of $280 million. The company’s same-store sales grew +3.8% year-over-year, beating analysts’ expectations of a flattish growth.

President and CEO Jeff Rosenthal pointed out that Hibbett’s digital sales surged +60% to account for 10.6% of the company’s total sales in the fourth quarter. Rosenthal cited “significant progress on our strategic initiatives along with compelling assortments from our key vendors" as key factors that bolstered the firm’s latest performance.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.