Gildan Activewear Inc reports results for the quarter ended in September 30 - Earnings Summary

Gildan Activewear

01/11/2024 03:46

* Gildan Activewear Inc  GIL.TO  reported quarterly adjusted
earnings of 85 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 74 cents.  The mean expectation of six analysts
for the quarter was for earnings of 84 cents per share. Wall
Street expected results to range from 82 cents to 86 cents per
share.
    * Revenue rose 2.4% to $891.10 million from a year ago;
analysts
expected $884.68 million. 
    * Gildan Activewear Inc's reported EPS for the quarter was
82
cents​.
    * The company reported quarterly net income of $131.5
million.
    * Gildan Activewear Inc shares had risen by 5.7% this
quarter and
gained 53.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," no
"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 54.10 
This summary was machine generated from LSEG data November 1 at
03:46 a.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
 Sep. 30 2024      0.84           0.85           Beat
 Jun. 30 2024      0.72           0.74           Beat
 Mar. 31 2024      0.51           0.59           Beat
 Dec. 31 2023      0.73           0.75           Beat