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

Hanesbrands

03/05/2023 14:32

* HanesBrands Inc  HBI.N  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue fell 11.8% to $1.39 billion from a year ago;
analysts
expected $1.36 billion. 
    * HanesBrands Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The mean earnings estimate of analysts had fallen by
about 147.8% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * HanesBrands Inc shares had fallen by 6.7% this quarter and
lost 22.8% so far this year.
    * The company reported a quarterly loss of $34.4 million.
    * Wall Street's median 12-month price target for HanesBrands
Inc
is $5.50 
    * 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 May
3 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.07          -0.06          Beat
 Dec. 31 2022      0.07           0.07           Met
 Sep. 30 2022      0.27           0.29           Beat
 Jun. 30 2022      0.32           0.28           Missed