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

Kontoor Brands

02/11/2023 12:38

* Kontoor Brands Inc  KTB.N  reported quarterly adjusted
earnings
of $1.05​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $1.11.  The mean expectation of six analysts for the quarter
was for earnings of $1.18 per share. Wall Street expected
results to range from $1.13  to $1.22 per share.
    * Revenue rose 7.9% to $654.54 million from a year ago;
analysts
expected $640.21 million. 
    * Kontoor Brands Inc's reported EPS for the quarter was
$1.05​.
    * The company reported quarterly net income of $59.53
million.
    * Kontoor Brands Inc shares had risen by 3.5% this
quarter and
gained 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen 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 5 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Kontoor
Brands
Inc is $56.00 

This summary was machine generated from LSEG data November 2 at
12:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.67           0.88           Beat