Oxford Industries (OXM) got here out with a quarterly lack of $0.11 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $1.01 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -200%. 1 / 4 in the past, it was anticipated that this proprietor of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothes strains would put up earnings of $3.05 per share when it really produced earnings of $2.77, delivering a shock of -9.18%.
Over the past 4 quarters, the corporate has not been in a position to surpass consensus EPS estimates.
Oxford Industries
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Oxford Industries shares have misplaced about 16.7% because the starting of the 12 months versus the S&P 500’s achieve of 26.5%.
What’s Subsequent for Oxford Industries?
Whereas Oxford Industries has underperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a powerful monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Oxford Industries: combined. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $1.63 on $393 million in revenues for the approaching quarter and $7.16 on $1.53 billion in revenues for the present fiscal 12 months.
Traders ought to be aware of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Textile – Attire is at the moment within the prime 30% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the broader Zacks Client Discretionary sector, Carnival (CCL), has but to report outcomes for the quarter ended November 2024.
This cruise operator is anticipated to put up quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +214.3%. The consensus EPS estimate for the quarter has been revised 53.9% greater over the past 30 days to the present degree.
Carnival’s revenues are anticipated to be $5.9 billion, up 9.3% from the year-ago quarter.
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Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
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