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

Hanesbrands

10/08/2023 15:56

* HanesBrands Inc  HBI.N  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 2 cents per share.
    * Revenue fell 4.9% to $1.44 billion from a year ago;
analysts
expected $1.46 billion. 
    * HanesBrands Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * HanesBrands Inc shares had risen by 17.4% this quarter and
lost 16.2% so far this year.
    * The company reported a quarterly loss of $22.46 million.
    * Wall Street's median 12-month price target for HanesBrands
Inc
is $5.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 02:56 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.02          -0.01          Beat
 Mar. 31 2023      -0.07          -0.06          Beat
 Dec. 31 2022      0.07           0.07           Met
 Sep. 30 2022      0.27           0.29           Beat