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