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Factors Setting the Tone for Hanesbrands' (HBI) Q1 Earnings
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Hanesbrands Inc. (HBI - Free Report) is scheduled to release first-quarter 2020 results on Apr 30. The company’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. Notably, the company delivered a positive earnings surprise of 2.6%, on average, in the trailing four quarters.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 14 cents per share, which suggests a decrease of 48.2% from the figure reported in the year-ago quarter. The consensus mark has remained stable in the past 30 days. The consensus mark for revenues stands at $1,393 million, indicating a decline of 12.3% from the year-ago period’s reported figure.
Hanesbrands has been benefiting from its organic sales trend, courtesy of increased International unit sales, continued strength in the Champion brand and a solid consumer-directed business. Talking of the Champions brand, it has been performing strongly for a while and driving the company’s growth on a global scale. Further, the company has been gaining from a solid online business.
However, Hanesbrands has been battling soft sales at its Innerwear segment for quite some time now. The consensus mark for first-quarter Innerwear segment sales is pegged at $429 million compared with $476 million reported in the year-ago period. Apart from this, Hanesbrands remains exposed to the risks of adverse currency movements.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Hanesbrands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Hanesbrands carries a Zacks Rank #4 (Sell) and an Earnings ESP of +33.33%.
Stocks With Favorable Combinations
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Dollar General (DG - Free Report) currently has an Earnings ESP of +2.95% and a Zacks Rank #3.
J.C. Penney currently has an Earnings ESP of +6.86% and a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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Factors Setting the Tone for Hanesbrands' (HBI) Q1 Earnings
Hanesbrands Inc. (HBI - Free Report) is scheduled to release first-quarter 2020 results on Apr 30. The company’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. Notably, the company delivered a positive earnings surprise of 2.6%, on average, in the trailing four quarters.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 14 cents per share, which suggests a decrease of 48.2% from the figure reported in the year-ago quarter. The consensus mark has remained stable in the past 30 days. The consensus mark for revenues stands at $1,393 million, indicating a decline of 12.3% from the year-ago period’s reported figure.
Hanesbrands Inc. Price and EPS Surprise
Hanesbrands Inc. price-eps-surprise | Hanesbrands Inc. Quote
Key Factors to Note
Hanesbrands has been benefiting from its organic sales trend, courtesy of increased International unit sales, continued strength in the Champion brand and a solid consumer-directed business. Talking of the Champions brand, it has been performing strongly for a while and driving the company’s growth on a global scale. Further, the company has been gaining from a solid online business.
However, Hanesbrands has been battling soft sales at its Innerwear segment for quite some time now. The consensus mark for first-quarter Innerwear segment sales is pegged at $429 million compared with $476 million reported in the year-ago period. Apart from this, Hanesbrands remains exposed to the risks of adverse currency movements.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Hanesbrands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Hanesbrands carries a Zacks Rank #4 (Sell) and an Earnings ESP of +33.33%.
Stocks With Favorable Combinations
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
BJ's Wholesale Club (BJ - Free Report) has an Earnings ESP of +14.49% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dollar General (DG - Free Report) currently has an Earnings ESP of +2.95% and a Zacks Rank #3.
J.C. Penney currently has an Earnings ESP of +6.86% and a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>