HanesBrands Inc reports results for the quarter ended in December - Earnings Summary

Hanesbrands

15/02/2024 14:31

* HanesBrands Inc  HBI.N  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 8 cents to 9 cents per share.
    * Revenue fell 12% to $1.30 billion from a year ago;
analysts
expected $1.36 billion. 
    * HanesBrands Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $77.94
million.
    * HanesBrands Inc shares had risen by 5.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for HanesBrands
Inc
is $4.50 

This summary was machine generated from LSEG data February 15 at
02:31 p.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
 Dec. 31 2023      0.09           0.03           Missed
 Sep. 30 2023      0.11           0.10           Missed
 Jun. 30 2023      -0.02          -0.01          Beat
 Mar. 31 2023      -0.07          -0.06          Beat