HanesBrands (HBI) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.01 per share a year ago.
Hanesbrands' (HBI) second-quarter 2024 results are likely to reflect gains from lower input costs and cost savings. However, sales are likely to have been hurt by a tough macroeconomic consumer landscape.
Besides Wall Street's top -and-bottom-line estimates for HanesBrands (HBI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
The latest trading day saw HanesBrands (HBI) settling at $6.02, representing a -1.95% change from its previous close.
HanesBrands (HBI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Hanesbrands (HBI), Eldorado Gold (EGO) and Kinross Gold (KGC) have been selected as the breakout stocks for today.
In the latest trading session, HanesBrands (HBI) closed at $5.36, marking no change from the previous day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
In the latest trading session, HanesBrands (HBI) closed at $5.42, marking a -1.28% move from the previous day.
Investors target stocks that have lately been on a bull run. Stocks like HBI, SUN and POR are seeing price strength and have a high chance of carrying the momentum forward.
HanesBrands (HBI) closed the most recent trading day at $4.74, moving +1.72% from the previous trading session.
HanesBrands (HBI) has achieved success by enhancing its operating and financial models, with a focus on brand building, data analytics and inventory management.