Oxford Sees FY24 Adj. EPS $10.80-$11.20 vs $11.76 Est., Net Sales $1.59B-$1.63B vs $1.64B Est.
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries (OXM) forecasts FY24 adjusted EPS of $10.80-$11.20, lower than the estimated $11.76, and net sales of $1.59B-$1.63B, below the estimated $1.64B.
June 07, 2023 | 8:11 pm
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NEGATIVE IMPACT
Oxford Industries' lower FY24 adjusted EPS and net sales forecasts may negatively impact its stock price.
Oxford Industries' lower-than-expected FY24 adjusted EPS and net sales forecasts indicate that the company may underperform compared to market expectations. This could lead to a negative sentiment among investors and potentially result in a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100