Analysts Offer Predictions for Gildan Activewear Inc’s Q2 2020 Earnings (TSE:GIL)
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Research analysts at Desjardins decreased their Q2 2020 earnings estimates for Gildan Activewear in a research report issued on Tuesday, July 28th. Desjardins analyst C. Li now forecasts that the company will post earnings of ($0.54) per share for the quarter, down from their prior forecast of ($0.14). Desjardins also issued estimates for Gildan Activewear’s Q3 2020 earnings at ($0.12) EPS and FY2020 earnings at ($0.18) EPS.
Separately, National Bank Financial raised their price objective on Gildan Activewear from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday.
Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.08 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.06). The business had revenue of C$616.32 million during the quarter, compared to analyst estimates of C$663.08 million.
Gildan Activewear Company Profile
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.
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