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Factors Influencing PVH Corp (PVH) This Earnings Season
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PVH Corporation (PVH - Free Report) is slated to release fourth-quarter fiscal 2020 results on Mar 30. In the last reported quarter, the company delivered an earnings surprise of 450%. Moreover, its bottom line surpassed estimates by 123.1%, on average, over the trailing four quarters.
The Zacks Consensus Estimate for the company’s fiscal fourth-quarter earnings is pegged at a loss of 38 cents per share, indicating a year-over-year decline of 120.2%. The consensus mark for earnings remained stable in the past 30 days. The consensus mark for quarterly revenues is pegged at $2.11 billion, implying an 18.8% decline from the year-ago quarter’s reported number.
Key Factors to Note
PVH Corp has been witnessing impressive trends in the digital arena, despite store closures amid the resurgence of cases in some parts of Europe. Notably, solid online demand for casual wear as well as expanded digital services are likely to have contributed to digital growth. Moreover, PVH Corp has been benefiting from strength in Calvin Klein and Tommy Hilfiger brands. Consequently, we expect positive digital trends to have slightly aided the company’s top line in the to-be-reported quarter.
However, sluggish store traffic due to a lack of international tourists in North America remains a headwind. Also, management in its last earnings call noted that continued COVID-19 woes are likely to have hurt its fourth-quarter revenues and earnings due to a resurgence in cases across Europe and North America. As a result, fourth-quarter revenues are expected to have declined nearly 20% year over year.
Our proven model does not conclusively predict an earnings beat for PVH Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
PVH Corp has a Zacks Rank #3 and an Earnings ESP of 0.00%.
Stocks to Consider
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this season:
Ralph Lauren Corporation (RL - Free Report) currently has an Earnings ESP of +31.32% and a Zacks Rank #3.
Columbia Sportswear Company (COLM - Free Report) presently has an Earnings ESP of +27.27% and a Zacks Rank #3.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
Factors Influencing PVH Corp (PVH) This Earnings Season
PVH Corporation (PVH - Free Report) is slated to release fourth-quarter fiscal 2020 results on Mar 30. In the last reported quarter, the company delivered an earnings surprise of 450%. Moreover, its bottom line surpassed estimates by 123.1%, on average, over the trailing four quarters.
The Zacks Consensus Estimate for the company’s fiscal fourth-quarter earnings is pegged at a loss of 38 cents per share, indicating a year-over-year decline of 120.2%. The consensus mark for earnings remained stable in the past 30 days. The consensus mark for quarterly revenues is pegged at $2.11 billion, implying an 18.8% decline from the year-ago quarter’s reported number.
Key Factors to Note
PVH Corp has been witnessing impressive trends in the digital arena, despite store closures amid the resurgence of cases in some parts of Europe. Notably, solid online demand for casual wear as well as expanded digital services are likely to have contributed to digital growth. Moreover, PVH Corp has been benefiting from strength in Calvin Klein and Tommy Hilfiger brands. Consequently, we expect positive digital trends to have slightly aided the company’s top line in the to-be-reported quarter.
However, sluggish store traffic due to a lack of international tourists in North America remains a headwind. Also, management in its last earnings call noted that continued COVID-19 woes are likely to have hurt its fourth-quarter revenues and earnings due to a resurgence in cases across Europe and North America. As a result, fourth-quarter revenues are expected to have declined nearly 20% year over year.
PVH Corp. Price and EPS Surprise
PVH Corp. price-eps-surprise | PVH Corp. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for PVH Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
PVH Corp has a Zacks Rank #3 and an Earnings ESP of 0.00%.
Stocks to Consider
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this season:
Snap-on Corporation (SNA - Free Report) currently has an Earnings ESP of +0.90% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ralph Lauren Corporation (RL - Free Report) currently has an Earnings ESP of +31.32% and a Zacks Rank #3.
Columbia Sportswear Company (COLM - Free Report) presently has an Earnings ESP of +27.27% and a Zacks Rank #3.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>