Oxford Industries Expects Q4 Net Sales Of $403M-$423M (Estimate $403.26M), Adjusted EPS Of $1.83-$2.03 (Estimate $2.08)
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries projects Q4 net sales to be between $403M-$423M, closely aligning with the estimated $403.26M. However, their adjusted EPS forecast of $1.83-$2.03 falls short of the estimated $2.08.
December 06, 2023 | 9:30 pm
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NEGATIVE IMPACT
Oxford Industries' Q4 sales guidance meets analyst estimates, but its adjusted EPS projection is below expectations, which may negatively impact investor sentiment.
The company's net sales forecast is in line with analyst expectations, which is a neutral to positive signal. However, the lower projected EPS compared to estimates suggests potential underperformance in profitability, which could lead to a negative short-term reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100