Clothing company Hanesbrands (NYSE: HBI) will be reporting earnings this Thursday before the bell. Here’s what investors should know.
Hanesbrands beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $991.3 million, up 1.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ constant currency revenue estimates and EPS guidance for next quarter exceeding analysts’ expectations.
Is Hanesbrands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Hanesbrands’s revenue to be flat year on year at $901.6 million, improving from the 2.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hanesbrands has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Hanesbrands’s peers in the apparel and accessories segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ThredUp delivered year-on-year revenue growth of 33.6%, beating analysts’ expectations by 5.9%, and VF Corp reported a revenue decline of 3.5%, topping estimates by 0.9%. ThredUp traded down 7.6% following the results while VF Corp was also down 12.4%.
Read our full analysis of ThredUp’s results here and VF Corp’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. Hanesbrands is down 6.6% during the same time and is heading into earnings with an average analyst price target of $6.47 (compared to the current share price of $6.47).
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