Kontoor Brands Inc expected to post earnings of $1.18 a share - Earnings Preview

Kontoor Brands

02/05/2023 19:40

* Kontoor Brands Inc  KTB.N   KTB  is expected to show a
fall in
quarterly revenue when it reports  results on May 4. 
    * The Greensboro North Carolina-based  company is expected
to
report  a 0.6% decrease in revenue to $675.477 million from
$679.74 million a year ago, according to the mean estimate from
7 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Kontoor Brands Inc
is for
earnings of $1.18 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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 Kontoor
Brands
Inc is $59.5​, above​ its last closing price of $44.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.71        0.67       0.88      Beat    31.6
 Sep. 30 2022  0.87        0.88       1.11      Beat    25.8
 Jun. 30 2022  0.96        0.99       1.09      Beat    10.2​
 Mar. 31 2022  1.23        1.23       1.40      Beat    14.3
 ​​Dec.        0.78        0.79       0.88      Beat    12
 31 2021                                                
 Sep. 30 2021  1.03        1.03       1.28      Beat    24.4​
 Jun. 30 2021  0.36        0.36       0.70      Beat    94.4
 Mar. 31 2021  0.86        0.87       1.43      Beat    64
 This summary was machine generated May 2 at 18:40 GMT.  All
figures in US dollars  unless otherwise stated