The market is buzzing about PVH Corp.'s (NYSE:PVH) second quarter financial statement shared after markets closed for the day.
With a quarterly Non-GAAP income of $3.01 per share, the organization has achieved revenues of $2074 million.
The figures got better of the street predicted $2.29 profit per share with the $2067.16 million in revenues.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q2 2024 | $3.01 | +52.0% | 2.07 B | -6.0% |
| Q1 2024 | $2.45 | +14.5% | 1.95 B | -9.5% |
| Q4 2023 | $3.72 | +56.3% | 2.49 B | +0.0% |
| Q3 2023 | $2.90 | +11.5% | 2.36 B | +3.6% |
*Growth on year-over-year basis
The topline decreased 6.03 percent, at the same time the bottomline climbed 52.02 percent in comparison to the corresponding quarter of previous year.
The firm has set Q3 2024 revenue target that spans from $2.2 to $2.22 billion, where as they count on reaching earnings near $2.50 per share for the same period.
In contrast financial analysts on Wall Street anticipate a revenue of $2.25 billion and earnings of $3.12 per share
The business has established revenue goal for financial year 2024 falling between $8.57 and $8.67 billion.The business has revised its earnings forecast for financial year 2024, updating the range from $11.00 to $11.25 per share to a newly estimated range of $11.55 to $11.80 per share.
However financial analysts on Wall Street expect a revenue of $8.66 billion and earnings of $11.31 per share
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| Q3 2024 | EPS | $2.50 | $3.12 | -19.9% |
| REV | $2.2 B~$2.22 B | $2.25 B | -1.8% | |
| FY 2024 | EPS | $11.55~$11.80 | $11.31 | 3.3% |
| REV | $8.57 B~$8.67 B | $8.66 B | -0.5% |
*Based on mid-point
The previous trading day saw PVH (PVH) shares trading between $102.19 and $105.30, besides a volume of 1.12 million shares. The stock closed Tuesday's regular trading session at $104.46, marking 0.74 percent increase.
