Why Oxford Industries Is A Market Performer With Promise: Analyst's Q2 Forecast And Insights
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on Oxford Industries, Inc. (NYSE:OXM) with a price target of $115. Oxford Industries is expected to report 2Q23 results on August 31. The company has emerged from the pandemic leaner and has consistently beaten expectations. Telsey expects a 2Q EPS of $3.42, slightly above the consensus estimate of $3.40. The company's e-commerce business is expected to continue expanding, and its flat wholesale outlook for FY23 is better than many peers. Telsey forecasts total sales growth of 17.2% Y/Y to $426 million.
August 25, 2023 | 5:35 pm
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Oxford Industries, Inc. (NYSE:OXM) has received a Market Perform rating from Telsey Advisory Group analyst Dana Telsey, with a price target of $115. The company is expected to report 2Q23 results on August 31. Telsey expects a 2Q EPS of $3.42, slightly above the consensus estimate of $3.40.
The news is directly related to Oxford Industries, Inc. (NYSE:OXM) and provides insights into the company's upcoming 2Q23 results. The Market Perform rating and the price target of $115 given by the analyst suggest a neutral outlook for the company's stock in the short term. The expected 2Q EPS of $3.42, which is slightly above the consensus estimate, could potentially have a positive impact on the stock. However, the overall impact is expected to be neutral as the rating and price target are in line with market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100