Analysts on Wall Street project that HanesBrands (HBI - Free Report) will announce quarterly earnings of $0.09 per share in its forthcoming report, representing an increase of 28.6% year over year. Revenues are projected to reach $1.36 billion, declining 7.6% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some HanesBrands metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Net Sales- Innerwear' to reach $524.42 million. The estimate indicates a change of -2.9% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales- Activewear' reaching $329.09 million. The estimate indicates a year-over-year change of -12.6%.
According to the collective judgment of analysts, 'Net Sales- Other' should come in at $67.65 million. The estimate indicates a year-over-year change of -13.9%.
The consensus among analysts is that 'Net Sales- International' will reach $441.29 million. The estimate points to a change of -7.7% from the year-ago quarter.
View all Key Company Metrics for HanesBrands here>>>
HanesBrands shares have witnessed a change of +11.7% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #3 (Hold), HBI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Analysts on Wall Street project that HanesBrands (HBI - Free Report) will announce quarterly earnings of $0.09 per share in its forthcoming report, representing an increase of 28.6% year over year. Revenues are projected to reach $1.36 billion, declining 7.6% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some HanesBrands metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Net Sales- Innerwear' to reach $524.42 million. The estimate indicates a change of -2.9% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales- Activewear' reaching $329.09 million. The estimate indicates a year-over-year change of -12.6%.
According to the collective judgment of analysts, 'Net Sales- Other' should come in at $67.65 million. The estimate indicates a year-over-year change of -13.9%.
The consensus among analysts is that 'Net Sales- International' will reach $441.29 million. The estimate points to a change of -7.7% from the year-ago quarter.
View all Key Company Metrics for HanesBrands here>>>
HanesBrands shares have witnessed a change of +11.7% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #3 (Hold), HBI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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