Kontoor Brands Inc expected to post earnings of $1.37 a share - Earnings Preview

Kontoor Brands

26/02/2024 16:11

* Kontoor Brands Inc  KTB.N   KTB  is expected to show a
fall in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Greensboro North Carolina-based  company is expected
to
report a 0.6% decrease in revenue to $726.905 million from
$731.61 million a year ago, according to the mean estimate from
6 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Kontoor Brands Inc is
for
earnings of $1.37 per share. 
    * 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 $68.00​, above​ its last closing price of $63.45. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for gross profit margin of 43.83%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.18        1.18       1.05      Missed  -11
 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.        0.87        0.88       1.11      Beat    25.8
 30 2022                                                
 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. 31 2021  0.78        0.79       0.88      Beat    12
 This summary was machine generated February 26 at 16:11 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)