HanesBrands (HBI) Rises Higher Than Market: Key Facts

Core Viewpoint - HanesBrands is expected to show significant earnings growth in its upcoming earnings report, despite a projected decline in revenue compared to the previous year [2][7]. Financial Performance - The stock closed at $4.84, reflecting a 0.41% increase from the previous trading session, outperforming the S&P 500's gain of 0.09% [1]. - The forecasted EPS for the upcoming quarter is $0.10, indicating a remarkable 1100% increase from the same quarter last year [2]. - For the full year, the Zacks Consensus Estimates project earnings of $0.46 per share, representing a 666.67% increase year-over-year [7]. - Revenue is expected to be $1.35 billion for the upcoming quarter, which is a 6.14% decline compared to the same quarter last year [2]. - The full-year revenue estimate is $5.37 billion, reflecting a 4.66% decrease from the prior year [7]. Valuation Metrics - HanesBrands has a Forward P/E ratio of 10.56, which is lower than the industry average Forward P/E of 14.48 [4]. Industry Context - The Textile - Apparel industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 78, placing it in the top 31% of over 250 industries [9]. - The Consumer Discretionary sector gained 2.11% over the past month, while HanesBrands shares increased by 0.21% during the same period [6]. Analyst Sentiment - Recent shifts in analyst projections for HanesBrands are crucial, as positive estimate revisions are seen as a favorable indicator for the company's business outlook [3]. - The Zacks Rank system currently rates HanesBrands as 1 (Strong Buy), with a proven track record of outperformance [11].