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Apparel Stocks Q4 Earnings Slated on Feb 23: GIL and CRI
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We are in the tail end of the fourth-quarter earnings season with focus mainly shifting on to the Retail sector. We observed that this earnings season has a favorable picture so far. Also, investors seem to be impressed as the quarter is all set to break the past quarterly records, marking the best performance in the last two years.
Per the Earnings Preview as of Feb 17, 2017, earnings for the total S&P 500 companies will improve 7.4% from the year-ago period, with total revenue rising by 3.9%.
As per the report, out of the 411 S&P 500 companies that have come up with their quarterly numbers, approximately 68.9% posted positive earnings surprises, while 54.7% beat top-line expectations. Total earnings for these index members were up 8% from the year-ago quarter, while revenues increased 4.9%.
The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, four are expected to witness an earnings decline. Of these, Autos, Transportation and Conglomerates are likely to be the major drags.
While the Consumer Discretionary sector is showing positive signs with total earnings expected to grow 9.9%, revenues are anticipated to increase 11.8%. As of Feb 17, 88.6% of the total number of the S&P 500 companies in this sector has reported results. Out of these, 77.4% companies posted an earnings beat, while 61.3% surpassed revenue estimates.
Apparel stocks form part of the Consumer Discretionary sector. Let’s delve deeper to know more about the following apparel stocks which are lined up for earnings release on Feb 23.
Leading manufacturer and marketer of premium-quality branded basic apparel, Gildan Activewear Inc. (GIL - Free Report) , is scheduled to report fourth-quarter 2016 results. The company has missed the Zacks Consensus Estimate in three of the past four quarters, with an average miss of 2.0%.
Our proven model does not conclusively show that Gildan Activewear is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
Gildan Activewear, Inc. Price, Consensus and EPS Surprise
Gildan Activewear has an Earnings ESP of -3.33%. This is because the Most Accurate estimate of 29 cents stands below the Zacks Consensus Estimate of 30 cents. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Moreover, the company has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Now, let’s see what’s in store for Carter's, Inc. (CRI - Free Report) , which is slated to report fourth-quarter 2016 results, before the market opens. Last quarter, this marketer of branded apparel and related products, posted a negative earnings surprise of 4.2% with an average miss of 1.7% in the trailing four quarters. However, it outpaced the Zacks Consensus Estimate by an average of 5.5% in the trailing four quarters.
Carter's has an Earnings ESP of -1.19%. This is because the Most Accurate estimate stands at $1.66, while the Zacks Consensus Estimate is pegged higher at $1.68. Moreover, the company carries a Zacks Rank #4. This combination shows that Carter's is unlikely to beat earnings estimates this quarter.
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Apparel Stocks Q4 Earnings Slated on Feb 23: GIL and CRI
We are in the tail end of the fourth-quarter earnings season with focus mainly shifting on to the Retail sector. We observed that this earnings season has a favorable picture so far. Also, investors seem to be impressed as the quarter is all set to break the past quarterly records, marking the best performance in the last two years.
Per the Earnings Preview as of Feb 17, 2017, earnings for the total S&P 500 companies will improve 7.4% from the year-ago period, with total revenue rising by 3.9%.
As per the report, out of the 411 S&P 500 companies that have come up with their quarterly numbers, approximately 68.9% posted positive earnings surprises, while 54.7% beat top-line expectations. Total earnings for these index members were up 8% from the year-ago quarter, while revenues increased 4.9%.
The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, four are expected to witness an earnings decline. Of these, Autos, Transportation and Conglomerates are likely to be the major drags.
While the Consumer Discretionary sector is showing positive signs with total earnings expected to grow 9.9%, revenues are anticipated to increase 11.8%. As of Feb 17, 88.6% of the total number of the S&P 500 companies in this sector has reported results. Out of these, 77.4% companies posted an earnings beat, while 61.3% surpassed revenue estimates.
Apparel stocks form part of the Consumer Discretionary sector. Let’s delve deeper to know more about the following apparel stocks which are lined up for earnings release on Feb 23.
Leading manufacturer and marketer of premium-quality branded basic apparel, Gildan Activewear Inc. (GIL - Free Report) , is scheduled to report fourth-quarter 2016 results. The company has missed the Zacks Consensus Estimate in three of the past four quarters, with an average miss of 2.0%.
Our proven model does not conclusively show that Gildan Activewear is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
Gildan Activewear, Inc. Price, Consensus and EPS Surprise
Gildan Activewear, Inc. Price, Consensus and EPS Surprise | Gildan Activewear, Inc. Quote
Gildan Activewear has an Earnings ESP of -3.33%. This is because the Most Accurate estimate of 29 cents stands below the Zacks Consensus Estimate of 30 cents. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Moreover, the company has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Now, let’s see what’s in store for Carter's, Inc. (CRI - Free Report) , which is slated to report fourth-quarter 2016 results, before the market opens. Last quarter, this marketer of branded apparel and related products, posted a negative earnings surprise of 4.2% with an average miss of 1.7% in the trailing four quarters. However, it outpaced the Zacks Consensus Estimate by an average of 5.5% in the trailing four quarters.
Carter's has an Earnings ESP of -1.19%. This is because the Most Accurate estimate stands at $1.66, while the Zacks Consensus Estimate is pegged higher at $1.68. Moreover, the company carries a Zacks Rank #4. This combination shows that Carter's is unlikely to beat earnings estimates this quarter.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>