Earnings Preview: Gildan Activewear
Portfolio Pulse from Benzinga Insights
Gildan Activewear (NYSE:GIL) is scheduled to release its quarterly earnings report on February 21, 2024, with an expected EPS of $0.73. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historical data shows a correlation between earnings performance and stock price movement. GIL's stock has risen 13.21% over the last 52 weeks, trading at $34.54 as of February 19.
February 20, 2024 | 4:02 pm
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Gildan Activewear is expected to report an EPS of $0.73 for the upcoming quarter. Historical performance indicates potential stock price movement post-earnings announcement.
Given Gildan Activewear's history of stock price movements following earnings announcements, especially when beating EPS estimates, there is a positive outlook for GIL's stock in the short term. The anticipation of positive guidance for the next quarter further supports this view.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100