Why the Market Dipped But HanesBrands (HBI) Gained Today

Company Performance - HanesBrands is forecasted to report an EPS of $0.10, reflecting a significant increase of 1100% from the same quarter last year [1] - The consensus estimate for quarterly revenue is $1.35 billion, which represents a decline of 6.14% compared to the previous year [1] - For the full year, the Zacks Consensus Estimates project earnings of $0.46 per share and revenue of $5.37 billion, indicating changes of +666.67% and -4.66% respectively from the prior year [4] Valuation Metrics - HanesBrands is currently trading at a Forward P/E ratio of 10.82, which is lower than the industry average Forward P/E of 15.36, suggesting a valuation discount [5] Stock Performance - Prior to the latest trading session, shares of HanesBrands had decreased by 3.52% over the past month, underperforming the Consumer Discretionary sector's loss of 0.13% and the S&P 500's gain of 4.15% during the same period [6] - In the latest market close, HanesBrands (HBI) reached a price of $4.99, with a daily increase of 1.01%, outperforming the S&P 500's loss of 0.04% [9] Analyst Ratings and Industry Context - HanesBrands holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate having shifted 0.74% upward over the past month [2] - The Textile - Apparel industry, which includes HanesBrands, has a Zacks Industry Rank of 56, placing it in the top 23% of over 250 industries [11]