PVH Corp. (NYSE:PVH) an apparel firm, is expected to report second quarter earnings results, after market close, on Wednesday 2nd September 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 2.52 per share.
Looking ahead, the full year loss are expected at $ 2.92 per share on the revenues of $ 7186.13 million.
Previous Quarter Performance
PVH Corp. communicated loss for the first quarter of $ 3.03 per share, from the revenue of $ 1,344.00 million. The quarterly revenues shrunk 42.96 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.60 per share from $ 1363.55 million in revenue. The bottom line results missed street analysts by $ 1.43 or 89.38 percent, at the same time, top line results fell short of analysts by $ 19.55 million or 1.43 percent.
Stock Performance
Shares of PVH Corp. traded up $ 1.73 or 3.10 percent on Tuesday, reaching $ 57.49 with volume of 939.30 thousand shares. The stock opened down for the day at $ 55.47, after closing the previous day trading at $ 55.76.
According to the previous trading day, closing price of $ 55.76, representing a 96.34 % increase from the 52 week low of $ 28.40 and a 48.4 % decrease over the 52 week high of $ 108.06.
The company has a market capital of $ 4.08 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Recent Analyst recommendations
- On 1st September 2020, maintained by Morgan Stanley at Overweight rating, with $ 82.00 target price.
- On 15th July 2020, maintained by Credit Suisse Group at Outperform rating, with $ 58.00 target price.
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.
