HanesBrands Inc expected to post a loss of 7 cents a share - Earnings Preview

Reuters04-30

* HanesBrands Inc is expected to show a fall in quarterly revenue when it reports results on May 1 (estimated) for the period ending March 31 2024

* The Winston-salem North Carolina-based company is expected to report a 14.7% decrease in revenue to $1.185 billion from $1.39 billion a year ago, according to the mean estimate from 6 analysts, based on LSEG data.The company's guidance on February 15 2024, for the period ended March 31, was for revenue between $1.13 billion and $1.19 billion. (Sales/Revenue Majority Basis is on Total Revenue)

* ​LSEG's mean analyst estimate for HanesBrands Inc is for a loss of 7 cents per share. The company's EPS guidance on February 15 2024, for the period ended March 31, was between $-0.10 and $-0.04

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts had fallen by about 0.2% in the last three months. ​

* Wall Street's median 12-month price target for HanesBrands Inc is $4.50​, above​ its last closing price of $4.48. ​​​

The company's guidance on February 15 2024 for the period ended March 31 was for Earnings before Interest and Taxes between USD60 million and USD80 million. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Dec. 31 2023 0.09 0.09 0.03 Missed -66.3

Jan. 1 2023 0.11 0.11 0.10 Missed -5.3

Jun. 30 2023 -0.02 -0.02 -0.01 Beat 51.5​

Mar. 31 2023 -0.07 -0.07 -0.06 Beat 11.8

​​Dec. 0.07 0.07 0.07 Met -2.8

31 2022

Sep. 30 2022 0.24 0.27 0.29 Beat 9​

Jun. 30 2022 0.31 0.32 0.28 Missed -12.2

Mar. 31 2022 0.28 0.28 0.34 Beat 20.3

This summary was machine generated April 29 at 16:16 GMT. 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)

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