Gildan Activewear Inc reports results for the quarter ended in June - Earnings Summary

Gildan Activewear

01/08/2024 14:34

* Gildan Activewear Inc  GIL.TO  reported quarterly adjusted
earnings of 74 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 63 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 72 cents per
share. Wall Street expected results to range from 71 cents to 74
cents per share.
    * Revenue rose 2.6% to $862.20 million from a year ago;
analysts
expected $851.47 million. 
    * Gildan Activewear Inc's reported EPS for the quarter was
35
cents​.
    * The company reported quarterly net income of $58.4
million.
    * Gildan Activewear Inc shares had risen by 8.3% this
quarter and
gained 28.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories peer group is also "buy"

Wall Street's median 12-month price target for Gildan Activewear
Inc is $43.00 
This summary was machine generated from LSEG data August 1 at
01:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.72           0.74           Beat
 Mar. 31 2024      0.51           0.59           Beat
 Dec. 31 2023      0.73           0.75           Beat
 Sep. 30 2023      0.72           0.74           Beat