Top Wall Street Forecasters Revamp Oxford Industries Expectations Ahead Of Q1 Earnings
Portfolio Pulse from Avi Kapoor
Top Wall Street forecasters have updated their expectations for Oxford Industries (NYSE:OXM) ahead of its Q1 fiscal 2024 earnings release. Analysts predict earnings of $2.69 per share, down from $3.78 a year ago, and revenue of $405.61 million. The company previously reported weak Q4 results and issued soft Q1 guidance. Recent analyst ratings include a Market Perform from Telsey Advisory Group, a downgrade to Sell from Citigroup, and Neutral ratings from UBS and BTIG.
June 11, 2024 | 12:43 pm
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Oxford Industries is expected to report Q1 fiscal 2024 earnings of $2.69 per share, down from $3.78 a year ago, with revenue projected at $405.61 million. The company previously issued weak Q1 guidance following disappointing Q4 results. Recent analyst ratings include a Market Perform from Telsey Advisory Group, a downgrade to Sell from Citigroup, and Neutral ratings from UBS and BTIG.
The expected decline in earnings per share and revenue, combined with weak Q1 guidance and recent downgrades from analysts, suggests a negative short-term impact on Oxford Industries' stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100