Oxford Industries Sees FY24 Adj. EPS $9.30-$9.70 Vs $10.21 Est.; Revenue $1.63B-$1.67B Vs $1.575B Est.
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries projects its FY24 adjusted EPS to be between $9.30 and $9.70, below the estimated $10.21. However, its revenue forecast of $1.63B to $1.67B exceeds the $1.575B estimate.
March 28, 2024 | 8:26 pm
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NEUTRAL IMPACT
Oxford Industries projects a lower FY24 adjusted EPS than estimated but anticipates higher revenue.
While the lower EPS forecast might concern investors, the higher revenue projection could indicate underlying business strength. The mixed forecast suggests a neutral short-term impact on OXM's stock price, as the negative impact of lower EPS might be offset by positive revenue expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100