Gildan Activewear Earnings: Here’s Why Investors are Happy Now

Gildan Activewear Inc. (NYSE:GIL) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.23%.

Gildan Activewear Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 42.42% to $0.94 in the quarter versus EPS of $0.66 in the year-earlier quarter.

Revenue: Rose 2.34% to $614.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gildan Activewear Inc. reported adjusted EPS income of $0.94 per share. By that measure, the company met the mean analyst estimate of $0.94. It missed the average revenue estimate of $630.6 million.

Key Stats (on next page)…

Revenue increased 17.45% from $523.04 million in the previous quarter. EPS increased 59.32% from $0.59 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.84 and has not changed. For the current year, the average estimate has moved up from a profit of $2.68 to a profit of $2.69 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , ,  

More from The Cheat Sheet