Kontoor Brands Inc reports results for the quarter ended in December - Earnings Summary

Kontoor Brands

28/02/2023 14:42

* Kontoor Brands Inc  KTB.N  reported quarterly adjusted
earnings
of 88 cents​​ per share for the quarter ended in December. The
mean expectation of eight analysts for the quarter was
for earnings of 67 cents per share.
    * Revenue rose 7.4% to $731.61 million from a year ago;
analysts
expected $669.51 million. 
    * Kontoor Brands Inc's reported EPS for the quarter was 91
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Kontoor Brands Inc shares had risen by 8.8% this quarter.
    * The company reported quarterly net income of $51.61
million.
    * Wall Street's median 12-month price target for Kontoor
Brands
Inc is $46.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
28 at 02:42 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.67           0.88           Beat
 Sep. 30 2022      0.88           1.11           Beat
 Jun. 30 2022      0.99           1.09           Beat
 Mar. 31 2022      1.23           1.40           Beat