Hanesbrands (NYSE: HBI) is expected to report Q2 earnings around July 20. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hanesbrands' revenues will increase 1.7% and EPS will compress 43.7%.
The average estimate for revenue is $1.25 billion. On the bottom line, the average EPS estimate is $0.49.
Revenue details
Last quarter, Hanesbrands reported revenue of $1.01 billion. GAAP reported sales were 2.7% lower than the prior-year quarter's $1.04 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at -$0.27. GAAP EPS were -$0.27 for Q1 versus $0.49 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 25.2%, 900 basis points worse than the prior-year quarter. Operating margin was 0.6%, 920 basis points worse than the prior-year quarter. Net margin was -2.7%, 730 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $4.75 billion. The average EPS estimate is $2.56.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 179 members out of 221 rating the stock outperform, and 42 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Hanesbrands a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hanesbrands is buy, with an average price target of $33.22.
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