HanesBrands Inc expected to post earnings of 9 cents a share - Earnings Preview

Hanesbrands

13/02/2024 13:42

* HanesBrands Inc  HBI.N   HBI  is expected to show a fall
in
quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The Winston-salem North Carolina-based  company is
expected to
report a 7.6% decrease in revenue to $1.361 billion from $1.47
billion a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on November
9 2023, for the period ended December 31, was for revenue of
1.360 billion. (Sales/Revenue Majority Basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for HanesBrands Inc is for
earnings of 9 cents per share. The company's EPS guidance on
November 9 2023, for the period ended December 31, was about
0.09
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"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 $4.50​, below​ its last closing price of $4.86. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for Earnings before Interest and Taxes of 131
million.The company's guidance on November 9 2023 for the period
ended December 31 was for gross profit margin between 37% and
39%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.07        0.07       0.07      Met     -2.8
 ​​Sep.        0.24        0.27       0.29      Beat    9
 30 2022                                                
 Jun. 30 2022  0.31        0.32       0.28      Missed  -12.2​
 Mar. 31 2022  0.28        0.28       0.34      Beat    20.3
 Dec. 31 2021  0.44        0.44       0.44      Met     0.8
 This summary was machine generated February 13 at 13:42 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)