Kontoor Brands Inc expected to post earnings of 88 cents a share - Earnings Preview

Kontoor Brands

30/07/2024 20:00

* Kontoor Brands Inc  KTB.N   KTB  is expected to show a
fall in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Greensboro North Carolina-based  company is expected
to
report a 3.2% decrease in revenue to $596.143 million from
$616.01 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 88 cents per share. The company's EPS guidance on
May 2 2024, for the period ended June 30, was about 0.85
    * 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 $77.00​, above​ its last closing price of $69.78. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for gross profit margin of 44.2%.
This summary was machine generated July 30 at 19:00 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)