HanesBrands Inc reports results for the quarter ended in September 30 - Earnings Summary

Hanesbrands

07/11/2024 14:40

* HanesBrands Inc  HBI.N  reported quarterly adjusted
earnings of
15 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 11 cents to 13 cents per share.
    * Revenue fell 38% to $937.10 million from a year ago;
analysts
expected $1.02 billion. 
    * HanesBrands Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $29.95
million.
    * HanesBrands Inc shares had fallen by 3.4% this quarter and
gained 59.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 38.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories peer group is also "hold"

Wall Street's median 12-month price target for HanesBrands Inc
is $6.00 
This summary was machine generated from LSEG data November 7 at
02:40 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
 Sep. 30 2024      0.12           0.15           Beat
 Jun. 30 2024      0.10           0.15           Beat
 Mar. 31 2024      -0.07          -0.02          Beat
 Dec. 31 2023      0.09           0.03           Missed