Gildan Activewear Inc reports results for the quarter ended March 31 - Earnings Summary

• Gildan Activewear Inc GIL.TO reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 55 cents to 58 cents per share.

• Revenue rose 2.3% to $711.67 million from a year ago; analysts expected $711.18 million.

• Gildan Activewear Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $84.68 million.

• Gildan Activewear Inc shares had fallen by 7.5% this quarter and lost 13.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "buy"

• Wall Street's median 12-month price target for Gildan Activewear Inc is $60.00

This summary was machine generated from LSEG data April 29 at 10:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)