Oxford Industries (OXM) Reports Q3: Everything You Need To Know Ahead Of Earnings
Fashion conglomerate Oxford Industries (NYSE:OXM) will be reporting earnings this Wednesday after the bell. Here’s what to expect.
Oxford Industries missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $403.1 million, down 4% year on year. It was a mixed quarter for the company, with full-year EPS guidance beating analysts’ expectations but EPS guidance for next quarter missing analysts’ expectations significantly.
Is Oxford Industries a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Oxford Industries’s revenue to be flat year on year at $305.6 million, improving from the 5.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.94 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Oxford Industries has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Oxford Industries’s peers in the apparel and accessories segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Figs delivered year-on-year revenue growth of 8.2%, beating analysts’ expectations by 6.4%, and ThredUp reported revenues up 33.6%, topping estimates by 5.9%. Figs traded up 13.7% following the results while ThredUp was down 7.5%.
Read our full analysis of Figs’s results here and ThredUp’s results here.
There has been positive sentiment among investors in the apparel and accessories segment, with share prices up 2.6% on average over the last month. Oxford Industries is up 8.5% during the same time and is heading into earnings with an average analyst price target of $46 (compared to the current share price of $38.41).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.