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HanesBrands (HBI) Stock Moves -0.77%: What You Should Know
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HanesBrands (HBI - Free Report) closed at $7.71 in the latest trading session, marking a -0.77% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.37%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 0.24%.
Prior to today's trading, shares of the underwear, T-shirt and sock maker had lost 10.07% over the past month. This has lagged the Consumer Discretionary sector's loss of 9.74% and the S&P 500's loss of 6.51% in that time.
Investors will be hoping for strength from HanesBrands as it approaches its next earnings release. On that day, HanesBrands is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 45.28%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.75 billion, down 2.02% from the year-ago period.
HBI's full-year Zacks Consensus Estimates are calling for earnings of $1.15 per share and revenue of $6.5 billion. These results would represent year-over-year changes of -37.16% and -4.43%, respectively.
Investors should also note any recent changes to analyst estimates for HanesBrands. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.57% lower. HanesBrands is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HanesBrands is holding a Forward P/E ratio of 6.74. Its industry sports an average Forward P/E of 9.75, so we one might conclude that HanesBrands is trading at a discount comparatively.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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HanesBrands (HBI) Stock Moves -0.77%: What You Should Know
HanesBrands (HBI - Free Report) closed at $7.71 in the latest trading session, marking a -0.77% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.37%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 0.24%.
Prior to today's trading, shares of the underwear, T-shirt and sock maker had lost 10.07% over the past month. This has lagged the Consumer Discretionary sector's loss of 9.74% and the S&P 500's loss of 6.51% in that time.
Investors will be hoping for strength from HanesBrands as it approaches its next earnings release. On that day, HanesBrands is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 45.28%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.75 billion, down 2.02% from the year-ago period.
HBI's full-year Zacks Consensus Estimates are calling for earnings of $1.15 per share and revenue of $6.5 billion. These results would represent year-over-year changes of -37.16% and -4.43%, respectively.
Investors should also note any recent changes to analyst estimates for HanesBrands. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.57% lower. HanesBrands is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HanesBrands is holding a Forward P/E ratio of 6.74. Its industry sports an average Forward P/E of 9.75, so we one might conclude that HanesBrands is trading at a discount comparatively.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.