Oxford Industries Q4 2023 Adj $1.90 Misses $1.95 Estimate, Sales $404.40M Miss $408.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries (NYSE:OXM) reported Q4 2023 earnings of $1.90 per share, missing the $1.95 estimate, and sales of $404.40M, below the $408.18M estimate. This represents a 16.67% decrease in earnings and a 5.73% increase in sales from the same period last year.
March 28, 2024 | 8:23 pm
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NEGATIVE IMPACT
Oxford Industries reported lower-than-expected Q4 2023 earnings and sales, with a significant decrease in earnings compared to last year.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The significant year-over-year decrease in earnings further compounds concerns, likely leading to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100