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. Hibbett Sports, Inc. Price and EPS Surprise 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...
There can be little argument that the jobs report will be the primary focus for traders in the early going on this Friday morning. The Labor Department reported that Nonfarm Payrolls increased by 235,000 in February, which was above the consensus estimate of 190,000. The Unemployment Rate came in at 4.7%, which was down from January’s rate of 4.8% and in line with expectations. Average hourly earnings increased by 0.2% last month and are up a healthy 2.8% over the last year. January’s job totals were revised higher to 238K from 227K, meaning that the economy has created 473K jobs so far in 2017 and 628K over the last three months. While m...
The US jobs report was largely in line with expectations. February was the second consecutive month that the US economy created more than 200k jobs. It is the first time since last June and July. The 235k is just below the revised January 238k gain (initially 227k). The unemployment rate ticked down to 4.7% from 4.8%, which is notable as the participation rate increased to 63.0% from 62.9%. The underemployment rate slipped to 9.2% from 9.4% and matched the cyclical low recorded at the end of last year. A shadow of disappointment comes from average hourly earnings. They rose 0.2% compared with a median guesstimate of 0.3%. However...
Dudley Dursley: [on his birthday] “How many are there?” Uncle Vernon: “36, counted them myself. “ Dudley: “36! But last year, last year I had 37!” – Harry Potter and the Sorcerer’s Stone, 2001 Based on the market’s early reaction to today’s strong Non-Farm Payrolls report, investors are acting a bit like Harry’s stuck-up cousin Dudley. According to the Bureau of Labor Statistics, the US economy created 235K net new jobs, well above economists’ expectations of 200k new jobs. Crucially, the details to the report were similarly strong: The U3 unemployment rate fell ...
As of October 24, the U.S. Treasury was flush with $435 billion of cash. That was because the department’s bureaucrats had been issuing debt hand-over-fist and piling up a cash hoard, apparently, for the period after March 15, 2017 when President Hillary Clinton would need to coax another debt ceiling increase out of Congress. Needless to say, Hillary was unexpectedly (and thankfully) retired to Chappaqua, New York. But the less discussed surprise is that the U.S. Treasury’s cash hoard has virtually disappeared in the run-up to the March 15 expiration of the debt ceiling holiday. That’s right. As of the Daily Treasury Statement (DTS) fo...
Despite many twists and turns, the U.S. stock market has had a stupendous run since it reached a bottom in Mar 2009. The bull run has continued for eight years with the S&P 500 gaining 198.1% during this period. While several stocks performed well during this period, Incyte Corporation (INCY – Free Report) tops the list — this bull market outperformer gained a whopping 5797.9% during this 8-year period, outperforming the Zacks-categorized Medical-Biomedical/Genetics industry as well as the S&P 500 by a huge margin. So what are the factors that made Incyte a Wall Street favorite during this period?...
Hibbett Sports, Inc. (Nasdaq: HIBB) early Friday posted [Mar 10, 2017 | 6:37am] mixed fourth quarter earnings results and offered an in-line outlook for the current year, as sales at established stores decline and margins fall. Written by StockNews.com The Birmingham, AL-based regional sporting goods retailer reported Q4 earnings per share (EPS) of $0.54, which was in-line with the Wall Street consensus estimate of $0.54. Revenues rose just 0.5% from last year to $246.9 million, however, missing analysts’ view for $254.45 million. On another sour note, HIBB said that comparable store sales (“comps”) in the latest period fell 2.2%, hurt ...
NFP beats expectations with 235K and January revised higher to 238K. The unemployment rate drops to 4.7%. Wages are up 0.2% m/m, slightly below predictions but the previous month was revised up. The “real unemployment rate” falls to 9.2%. All in all, a solid report. The dollar is sliding across the board. It seems like a “sell the fact” phenomenon. The US Non-Farm Payrolls report was expected to show a gain of around 185K (or 220K after the strong ADP). More importantly, wages carried expectations for a rise of 0.3% m/m and around 2.8% y/y. The bar was very low for a rate hike in five days time. Fed Chair Janet Yellen basically told ...
The BLS released the latest employment numbers for the US, the last piece of major economic data before the Fed meets next week to decide on whether to raise interest rates. The numbers were good enough. Payrolls were up 235,000, when 190,000 were expected. The unemployment rate fell to 4.7%. Average hourly earnings are now up 2.6% in the year to February. And now a rate hike is all but certain. The big takeaway: The job market is tight enough to provide little concern for the Fed in its tightening campaign now, despite lingering underemployment with the U-6 measure of unemployment at 9.2%. The real question now is whether GDP data for Q1 com...