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

Kontoor Brands

03/08/2023 14:32

* Kontoor Brands Inc  KTB.N  reported quarterly adjusted
earnings
of 64 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
64 cents per share.
    * Revenue rose 0.4% to $616.01 million from a year ago;
analysts
expected $621.22 million. 
    * Kontoor Brands Inc's reported EPS for the quarter was 64
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Kontoor Brands Inc shares had fallen by 3.5% this
quarter and
gained 1.6% so far this year.
    * The company reported quarterly net income of $36.4
million.
    * Wall Street's median 12-month price target for Kontoor
Brands
Inc is $56.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.64           0.64           Met
 Mar. 31 2023      1.18           1.16           Missed
 Dec. 31 2022      0.67           0.88           Beat
 Sep. 30 2022      0.88           1.11           Beat