HanesBrands Inc expected to post earnings of 10 cents a share - Earnings Preview

Hanesbrands

06/08/2024 19:52

* HanesBrands Inc  HBI.N   HBI  is expected to show a fall
in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Winston-salem North Carolina-based  company is
expected to
report a 5.7% decrease in revenue to $1.357 billion from $1.44
billion a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$1.34 billion and $1.38 billion. (Sales/Revenue Majority Basis
is on Total Revenue)
    * ​LSEG's mean analyst estimate for HanesBrands Inc is for
earnings of 10 cents per share. The company's EPS guidance on
May 9 2024, for the period ended June 30, was between $0.07 and
$0.11 
    * 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 $5.00​, below​ its last closing price of $5.30. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD115
million and USD130 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  
 Mar. 31 2024  -0.07       -0.07      -0.02     Beat    70.4
 Dec. 31 2024  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.        -0.07       -0.07      -0.06     Beat    11.8
 31 2023                                                
 Jan. 1 0001   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
 This summary was machine generated August 6 at 18:52 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)