In its upcoming report, PVH (PVH) is predicted by Wall Street analysts to post quarterly earnings of $3.08 per share, reflecting an increase of 22.2% compared to the same period last year. Revenues are forecasted to be $2.1 billion, representing a year-over-year decrease of 3.2%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some PVH metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Revenue by Segment- Licensing' reaching $86.79 million. The estimate indicates a change of -12.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue by Segment- Americas' should come in at $675.98 million. The estimate suggests a change of -1.2% year over year.
The collective assessment of analysts points to an estimated 'Revenue by Segment- Asia-Pacific (APAC)' of $335.97 million. The estimate indicates a change of +0.2% from the prior-year quarter.
Analysts expect 'Revenue by Segment- Europe, the Middle East and Africa (EMEA)' to come in at $998.83 million. The estimate suggests a change of -4.7% year over year.
View all Key Company Metrics for PVH here>>>PVH shares have witnessed a change of -12.5% in the past month, in contrast to the Zacks S&P 500 composite's +4.3% move. With a Zacks Rank #3 (Hold), PVH is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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This article originally published on Zacks Investment Research (zacks.com).