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

Kontoor Brands

31/10/2023 10:53

* Kontoor Brands Inc  KTB.N   KTB  is expected to show a
rise in
quarterly revenue when it reports  results on November 2. 
    * The Greensboro North Carolina-based  company is expected
to
report  a 5.3% increase in revenue to $638.677 million from
$606.52 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. The company's guidance on
August 3 2023, for the period ended September 30, was for
revenue between $630.78 million and $642.91 million.
    * ​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," 1
"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 $56​, above​ its last closing price of $46.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.59        0.64       0.64      Met     0
 Mar. 31 2023  1.19        1.18       1.16      Missed  -2.1
 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.        0.96        0.99       1.09      Beat    10.2
 30 2022                                                
 Mar. 31 2022  1.23        1.23       1.40      Beat    14.3​
 Dec. 31 2021  0.78        0.79       0.88      Beat    12
 Sep. 30 2021  1.03        1.03       1.28      Beat    24.4
 This summary was machine generated October 31 at 10:52 GMT.  All
figures in US dollars  unless otherwise stated