Kontoor Brands Inc expected to post earnings of $1.26 a share - Earnings Preview

Reuters
29 Oct 2024

* Kontoor Brands Inc is expected to show a rise in quarterly revenue when it reports results on October 31 for the period ending September 30 2024

* The Greensboro North Carolina-based company is expected to report a 1.4% increase in revenue to $663.537 million from $654.54 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on August 1 2024, for the period ended September 30, was for revenue of $660.000 million.

* ​LSEG's mean analyst estimate for Kontoor Brands Inc is for earnings of $1.26 per share. The company's EPS guidance on August 1 2024, for the period ended September 30, was about USD1.25

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Kontoor Brands Inc is $87.00​, above​ its last closing price of $77.57. ​​​

The company's guidance on August 1 2024 for the period ended September 30 was for gross profit margin of USD44.3%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.88 0.88 0.98 Beat 11.4

Mar. 31 2024 0.90 0.91 1.16 Beat 28.2

Dec. 31 2023 1.37 1.37 1.28 Missed -6.7​

Sep. 30 2023 1.18 1.18 1.05 Missed -11

​​Jan. 0.59 0.64 0.64 Met 0

1 0001

Jan. 1 0001 1.19 1.18 1.16 Missed -2.1​

Dec. 31 2022 0.71 0.67 0.88 Beat 31.6

Sep. 30 2022 0.87 0.88 1.11 Beat 25.8

This summary was machine generated October 29 at 13:43 GMT. 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)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10