Kontoor Brands Inc expected to post earnings of $1.26 a share - Earnings Preview

Kontoor Brands

29/10/2024 13:43

* Kontoor Brands Inc  KTB.N   KTB  is expected to show a
rise in
quarterly revenue when it reports  results on October 31 for the
period ending September 30 2024
    * The Greensboro North Carolina-based  company is expected
to
report a 1.4% increase in revenue to $663.537 million from
$654.54 million a year ago, according to the mean estimate from
5 analysts, based on LSEG data.The company's guidance on August
1 2024, for the period ended September 30, was for revenue of
$660.000 million.
    * ​LSEG's mean analyst estimate for Kontoor Brands Inc is
for
earnings of $1.26 per share. The company's EPS guidance on
August 1 2024, for the period ended September 30, was about
USD1.25
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"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 $87.00​, above​ its last closing price of $77.57. ​​​

The company's guidance on August 1 2024 for the period ended
September 30 was for gross profit margin of USD44.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.88        0.88       0.98      Beat    11.4
 Mar. 31 2024  0.90        0.91       1.16      Beat    28.2
 Dec. 31 2023  1.37        1.37       1.28      Missed  -6.7​
 Sep. 30 2023  1.18        1.18       1.05      Missed  -11
 ​​Jan.        0.59        0.64       0.64      Met     0
 1 0001                                                 
 Jan. 1 0001   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
 This summary was machine generated October 29 at 13:43 GMT.  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)