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

Kontoor Brands

04/05/2023 14:33

* Kontoor Brands Inc  KTB.N  reported quarterly adjusted
earnings
of $1.16​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of $1.18 per share.
    * Revenue fell 1.9% to $667.12 million from a year ago;
analysts
expected $675.48 million. 
    * Kontoor Brands Inc's reported EPS for the quarter was
$1.16​.
    * The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Kontoor Brands Inc shares had fallen by 8.0% this
quarter and
gained 11.3% so far this year.
    * The company reported quarterly net income of $66.3
million.
    * Wall Street's median 12-month price target for Kontoor
Brands
Inc is $59.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.18           1.16           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