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

• HanesBrands Inc HBI.N reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of six analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 2 cents to 3 cents per share.

• Revenue fell 34.3% to $760.15 million from a year ago; analysts expected $752.28 million.

• HanesBrands Inc's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $9.46 million.

• HanesBrands Inc shares had fallen by 15.3% this quarter and lost 39.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "hold"

• Wall Street's median 12-month price target for HanesBrands Inc is $5.00

This summary was machine generated from LSEG data May 8 at 03:05 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)