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

Kontoor Brands

28/02/2024 16:37

* Kontoor Brands Inc  KTB.N  reported quarterly adjusted
earnings
of $1.28​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 88 cents.  The mean expectation of six analysts for the
quarter was for earnings of $1.37 per share. Wall Street
expected results to range from $1.35  to $1.40 per share.
    * Revenue fell 8.4% to $669.80 million from a year ago;
analysts
expected $726.91 million. 
    * Kontoor Brands Inc's reported EPS for the quarter was
$1.21​.
    * The company reported quarterly net income of $68.77
million.
    * Kontoor Brands Inc shares had risen by 1.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the apparel &
accessories peer group is also "buy"

Wall Street's median 12-month price target for Kontoor Brands
Inc is $68.00 
This summary was machine generated from LSEG data February 28 at
04:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.37           1.28           Missed
 Sep. 30 2023      1.18           1.05           Missed
 Jun. 30 2023      0.64           0.64           Met
 Mar. 31 2023      1.18           1.16           Missed