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

Kontoor Brands

03/11/2022 13:34

* Kontoor Brands Inc  KTB.N  reported quarterly adjusted
earnings
of $1.11​​ per share for the quarter ended in September. The
mean expectation of eight analysts for the quarter was
for earnings of 88 cents per share.
    * Revenue fell 7% to $606.52 million from a year ago;
analysts
expected $609.85 million. 
    * Kontoor Brands Inc's reported EPS for the quarter was 90
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.3%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Kontoor Brands Inc shares had risen by 1.9% this
quarter and
lost 33.2% so far this year.
    * The company reported quarterly net income of $51.08
million.
    * Wall Street's median 12-month price target for Kontoor
Brands
Inc is $40.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
3 at 01:34 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.88           1.11           Beat
 Jun. 30 2022      0.99           1.09           Beat
 Mar. 31 2022      1.23           1.40           Beat
 Dec. 31 2021      0.79           0.88           Beat