Earnings Preview: Gildan Activewear


Gildan Activewear GIL is set to give its latest quarterly earnings report on Wednesday, 2022-02-23. Here's what investors need to know before the announcement.

Analysts estimate that Gildan Activewear will report an earnings per share (EPS) of $0.55.

Gildan Activewear bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.25, which was followed by a 0.71% drop in the share price the next day.

Here's a look at Gildan Activewear's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 0.55 0.50 0.19 0.21
EPS Actual 0.80 0.68 0.48 0.45
Price Change % -0.71% 3.43% 1.0% -2.97%

Stock Performance

Shares of Gildan Activewear were trading at $37.96 as of February 21. Over the last 52-week period, shares are up 41.85%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here

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Posted In: EarningsBZI-EP