Oxford Industries Q2 2024 Adj. EPS $2.77 Misses $3.00 Estimate, Sales $419.886M Miss $438.176M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries reported Q2 2024 earnings per share of $2.77, missing the analyst estimate of $3.00. Sales were $419.886 million, below the expected $438.176 million, marking a slight decrease from last year's $420.319 million.
September 11, 2024 | 8:06 pm
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Oxford Industries' Q2 2024 earnings and sales both missed analyst estimates, with EPS at $2.77 and sales at $419.886 million. This underperformance may negatively impact the stock price in the short term.
The earnings per share and sales figures both missed analyst expectations, which typically leads to negative sentiment and potential short-term stock price decline. The miss in EPS was 7.67% and sales were 4.17% below estimates, indicating a significant underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100