HanesBrands Inc expected to post a loss of 7 cents a share - Earnings Preview

Hanesbrands

07/05/2024 13:48

* HanesBrands Inc  HBI.N   HBI  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Winston-salem North Carolina-based  company is
expected to
report a 14.7% decrease in revenue to $1.185 billion from $1.39
billion a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
15 2024, for the period ended March 31, was for revenue between
$1.13 billion and $1.19 billion. (Sales/Revenue Majority Basis
is on Total Revenue)
    * ​LSEG's mean analyst estimate for HanesBrands Inc is for a
loss
of 7 cents per share. The company's EPS guidance on February 15
2024, for the period ended March 31, was between $-0.10 and
$-0.04 
    * 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 had fallen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for HanesBrands
Inc
is $4.50​, above​ its last closing price of $4.48. ​​​

The company's guidance on February 15 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD60 million and USD80 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.09        0.09       0.03      Missed  -66.3
 Sep. 30 2023  0.11        0.11       0.10      Missed  -5.3
 Jun. 30 2023  -0.02       -0.02      -0.01     Beat    51.5​
 Mar. 31 2023  -0.07       -0.07      -0.06     Beat    11.8
 ​​Dec.        0.07        0.07       0.07      Met     -2.8
 31 2022                                                
 Sep. 30 2022  0.24        0.27       0.29      Beat    9​
 Jan. 1 0001   0.31        0.32       0.28      Missed  -12.2
 Mar. 31 2022  0.28        0.28       0.34      Beat    20.3
 This summary was machine generated May 7 at 12:48 GMT.  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)