Kontoor Brands Inc expected to post earnings of 91 cents a share - Earnings Preview

Kontoor Brands

30/04/2024 19:18

* Kontoor Brands Inc  KTB.N   KTB  is expected to show a
fall in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Greensboro North Carolina-based  company is expected
to
report a 8.7% decrease in revenue to $609.098 million from
$667.12 million a year ago, according to the mean estimate from
5 analysts, based on LSEG data.The company's guidance on
February 28 2024, for the period ended March 31, was for revenue
of $607.082 million.
    * ​LSEG's mean analyst estimate for Kontoor Brands Inc is
for
earnings of 91 cents per share. The company's EPS guidance on
February 28 2024, for the period ended March 31, was about
USD0.9
    * 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 had risen by
about 1.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Kontoor
Brands
Inc is $65.00​, above​ its last closing price of $63.82. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for gross profit margin between USD44% and
USD44.2%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.37        1.37       1.28      Missed  -6.7
 Jan. 1 0001   1.18        1.18       1.05      Missed  -11
 Jun. 30 2023  0.59        0.64       0.64      Met     0​
 Jan. 1 0001   1.19        1.18       1.16      Missed  -2.1
 ​​Jan.        0.71        0.67       0.88      Beat    
 1 0001                                                 
 Sep. 30 2022  0.87        0.88       1.11      Beat    25.8​
 Jan. 1 0001   0.96        0.99       1.09      Beat    10.2
 Mar. 31 2022  1.23        1.23       1.40      Beat    14.3
 This summary was machine generated April 30 at 18:18 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)