Earnings To Watch: Oxford Industries (OXM) Reports Q4 Results Tomorrow
Fashion conglomerate Oxford Industries (NYSE:OXM) will be reporting earnings tomorrow afternoon. Here's what you need to know.
Last quarter Oxford Industries reported revenues of $326.6 million, up 4.3% year on year, in line with analyst expectations. It was a mixed quarter for the company, with revenue guidance for next quarter beating analysts' expectations but a miss of analysts' operating margin estimates.
Is Oxford Industries buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Oxford Industries's revenue to grow 6.7% year on year to $408.3 million, slowing down from the 27.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.95 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Oxford Industries's peers in the apparel, accessories and luxury goods segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Carter's's revenues decreased 5.9% year on year, missing analyst estimates by 1.3% and Stitch Fix reported revenue decline of 17.5% year on year, missing analyst estimates by 0.6%. Carter's traded up 1.8% on the results, Stitch Fix was down 9.8%.
Read our full analysis of Carter's's results here and Stitch Fix's results here.
Investors in the apparel, accessories and luxury goods segment have had steady hands going into the earnings, with the stocks up on average 0% over the last month. Oxford Industries is up 4.6% during the same time, and is heading into the earnings with analyst price target of $103.2, compared to share price of $108.12.
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