Gildan Activewear, Inc. (NYSE:GIL) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GIL to report 3Q20 income of $ 0.10 per share.
For the full year, analysts anticipate top line of $ 1783.60 million, while looking forward to loss of $ 0.61 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,880.00 million ~ $ 2,937.00 million, where as bottomline are predicted in a range of $ 1.85 ~ $ 1.95 per share
Click Here For More Historical Outlooks Of Gildan Activewear, Inc.
Previous Quarter Performance
Gildan Activewear, Inc. disclosed loss for the second quarter of $ 0.99 per share, from the revenue of $ 229.70 million. The quarterly revenues declined 71.03 percent compared with the same quarter last year. Wall street analysts are predicting, GIL to report 2Q20 loss of $ 0.38 per share from revenue of $ 239.34 million. The bottom line results missed street analysts by $ 0.61 or 160.53 percent, at the same time, top line results fell short of analysts by $ 9.64 million or 4.03 percent.
Stock Performance
Shares of Gildan Activewear, Inc. traded low $ -0.48 or -2.19 percent on Wednesday, reaching $ 21.48 with volume of 836.20 thousand shares. Gildan Activewear, Inc. has traded high as $ 21.82 and has cracked $ 21.25 on the downward trend
According to the previous trading day, closing price of $ 21.48, representing a 133.12 % increase from the 52 week low of $ 9.42 and a 27.5 % decrease over the 52 week high of $ 30.29.
The company has a market capital of $ 4.25 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Conference Call
Gildan Activewear, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gildan.com
Gildan Activewear Inc. manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.
