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

Kontoor Brands

02/05/2024 14:53

* Kontoor Brands Inc  KTB.N  reported quarterly adjusted
earnings
of $1.16​​ per share for the quarter ended in March, identical
to the same quarter last year.  The mean expectation of
six analysts for the quarter was for earnings of 91 cents per
share. Wall Street expected results to range from 90 cents to 92
cents per share.
    * Revenue fell 5.4% to $631.20 million from a year ago;
analysts
expected $609.10 million. 
    * Kontoor Brands Inc's reported EPS for the quarter was
$1.05​.
    * The company reported quarterly net income of $59.51
million.
    * Kontoor Brands Inc shares had risen by 3.1% this
quarter and
lost 0.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.9%
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." 
    * Wall Street's median 12-month price target for Kontoor
Brands
Inc is $65.00 

This summary was machine generated from LSEG data May 2 at 01:52
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
 Mar. 31 2024      0.91           1.16           Beat
 Dec. 31 2023      1.37           1.28           Missed
 Sep. 30 2023      1.18           1.05           Missed
 Jun. 30 2023      0.64           0.64           Met