PVH Corp. (NYSE:PVH) is reporting third quarter financial results on Wednesday 2nd December 2020, after market close.
According to analysts surveyed by Thomson Reuters, PVH is expected to report 3Q20 income of $ 0.24 per share from revenue of $ 1995.53 million.
For the full year, analysts anticipate top line of $ 6983.79 million, while looking forward to loss of $ 3.09 per share bottom line.
Previous Quarter Performance
PVH Corp. announced income for the second quarter of $ 0.13 per share, from the revenue of $ 1,581.00 million. The quarterly earnings decreased 93.81 percent while revenues shrunk 33.12 percent compared with the same quarter last year.
The consensus estimates are loss of $ 2.52 per share from $ 1243.20 million in revenue. The bottom line results beat street analysts by $ 2.65 or 105.16 percent, at the same time, top line results outshined analysts by $ 337.80 million or 27.17 percent.
Stock Performance
Shares of PVH Corp. traded up $ 2.31 or 2.91 percent on Tuesday, reaching $ 81.80 with volume of 1.66 million shares. PVH Corp. has traded high as $ 84.07 and has cracked $ 80.53 on the downward trend
According to the previous trading day, closing price of $ 81.80, representing a 179.89 % increase from the 52 week low of $ 28.40 and a 26.44 % decrease over the 52 week high of $ 108.06.
The company has a market capital of $ 5.82 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Recent Analyst recommendations
- On 1st December 2020, maintained by Morgan Stanley at Overweight rating, with $ 90.00 target price.
- On 7th October 2020, downgraded by Barclays to Underweight from Equal-Weight rating.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.
