HanesBrands Inc expected to post a loss of 2 cents a share - Earnings Preview

Hanesbrands

08/08/2023 19:32

* HanesBrands Inc  HBI.N   HBI  is expected to show a fall
in
quarterly revenue when it reports  results on August 10. 
    * The Winston-salem North Carolina-based  company is
expected to
report  a 3.8% decrease in revenue to $1.455 billion from $1.51
billion a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. The company's guidance on May
3 2023, for the period ended June 30, was for revenue between
$1.42 billion and $1.47 billion.
    * ​Refinitiv's mean analyst estimate for HanesBrands Inc is
for a
loss of 2 cents per share. The company's EPS guidance on May 3
2023, for the period ended June 30, was between $-0.05 and
$0.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for HanesBrands
Inc
is $5​, below​ its last closing price of $5.21. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD70
million and USD90 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.07       -0.07      -0.06     Beat    11.8
 Dec. 31 2023  0.07        0.07       0.07      Met     -2.8
 Sep. 30 2022  0.24        0.27       0.29      Beat    9​
 Jun. 30 2022  0.31        0.32       0.28      Missed  -12.2
 ​​Mar.        0.28        0.28       0.34      Beat    20.3
 31 2022                                                
 Dec. 31 2021  0.44        0.44       0.44      Met     0.8​
 Sep. 30 2021  0.47        0.47       0.53      Beat    12.1
 Jun. 30 2021  0.39        0.39       0.47      Beat    19.2
 This summary was machine generated August 8 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated