Oxford Industries Sees Q1 2024 Adj. EPS $2.60-$2.80 Vs $3.58 Est.; Revenue $395M-$415M Vs $419.196M Est.
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries projects its Q1 2024 adjusted EPS to be between $2.60 and $2.80, which is below the estimated $3.58. Additionally, the company anticipates revenue to be in the range of $395M to $415M, also falling short of the expected $419.196M.
March 28, 2024 | 8:27 pm
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Oxford Industries projects lower-than-expected Q1 2024 earnings and revenue, with adjusted EPS between $2.60 and $2.80 versus an estimated $3.58, and revenue between $395M and $415M against an expected $419.196M.
The projected earnings and revenue shortfall for Oxford Industries in Q1 2024 compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. Lower-than-expected financial forecasts can lead to a decrease in stock value as they may indicate potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100