Hanesbrands Inc. (HBI Quick QuoteHBI - Free Report) , came out with first-quarter 2018 results, wherein adjusted earnings of 26 cents surpassed the Zacks Consensus Estimate of 24 cents. Bottom-line however declined 10.3% from the prior-year quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has remained stable in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company earnings surprise history has been quite mixed.

Revenues: Hanesbrands generated net sales of $1,471.5 million that jumped 6.6% year over year and came ahead of the Zacks Consensus Estimate of $1,431 million.

Hanesbrands Inc. Price, Consensus and EPS Surprise

Hanesbrands Inc. Price, Consensus and EPS Surprise | Hanesbrands Inc. Quote

Outlook: For 2018, management continues to expect net sales in the band of $6.72-$6.82 billion, and earnings in the range of $1.72-$1.80 per share. Further, the company provided its view for the second quarter, wherein sales are anticipated in the band of $1.7-1.725 billion and earnings are projected in between 44-46 cents per share.

Zacks Rank: Currently, Hanesbrands has a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here..

Check back later for our full write up on Hanesbrands’ earnings report!

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