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

Gildan Activewear Inc. (NYSE:GIL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3%.

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Gildan Activewear Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 156.52% to $0.59 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Rose 8.38% to $523 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gildan Activewear Inc. reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.57. It beat the average revenue estimate of $519 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 24.29% from $420.78 million in the previous quarter. EPS increased 84.38% from $0.32 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.92 to a profit $0.94. For the current year, the average estimate is a profit of $2.67, which is the same with that ninety days ago.

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