Oxford Industries Expects Q3 Net Sales Of $320M-$335M (Est. $352.44M), Adjusted EPS Of $0.90-$1.10 (Est. $1.48)
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries has projected its Q3 net sales to be between $320M-$335M, which is lower than the estimated $352.44M. The company also expects its adjusted EPS to be between $0.90-$1.10, lower than the estimated $1.48.
August 31, 2023 | 8:47 pm
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NEGATIVE IMPACT
Oxford Industries' lower than expected Q3 net sales and adjusted EPS projections may negatively impact its stock price in the short term.
Investors often react to earnings projections. In this case, Oxford Industries' lower than expected Q3 net sales and adjusted EPS projections may lead to a decrease in its stock price as it indicates potential underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100