Home Earnings Preview Sneak Preview of Oxford Industries, Inc. ($OXM) 3Q20 Earnings

Sneak Preview of Oxford Industries, Inc. ($OXM) 3Q20 Earnings

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Oxford Industries, Inc. (NYSE:OXM) an apparel firm, is expected to report third quarter earnings results, after market close, on Wednesday 9th December 2020.

Analysts polled by Thomson Reuters anticipate third quarter loss of $ 1.1 per share from revenue of $ 164.42 million.

Looking ahead, the full year loss are expected at $ 2.2 per share on the revenues of $ 780.21 million.

Previous Quarter Performance

Oxford Industries, Inc. unfold loss for the second quarter of $ 0.38 per share, from the revenue of $ 191.99 million. The quarterly revenues shrunk 36.43 percent compared with the same quarter last year. According to street consensus, OXM was expected to report 2Q20 loss of $ 0.61 per share from revenue of $ 170.57 million. The bottom line results beat street analysts by $ 0.23 or 37.70 percent, at the same time, top line results outshined analysts by $ 21.42 million or 12.56 percent.

Stock Performance

Shares of Oxford Industries, Inc. traded low $ -0.63 or -1.01 percent on Tuesday, reaching $ 61.62 with volume of 120.60 thousand shares. Oxford Industries, Inc. has traded high as $ 62.59 and has cracked $ 60.89 on the downward trend

According to the previous trading day, closing price of $ 61.62, representing a 104.97 % increase from the 52 week low of $ 30.37 and a 19.74 % decrease over the 52 week high of $ 77.56.

The company has a market capital of $ 1.04 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.

Conference Call

Oxford Industries, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th December 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.oxfordinc.com

Oxford Industries, Inc., an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers mens and womens sportswear and related products under the Tommy Bahama brand; womens and girls dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and childrens apparel under the Lilly Pulitzer brand; and mens shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand. It also provides branded and private label mens apparel, including tailored clothing, casual pants, and sportswear under the licensed brands, such as Kenneth Cole, Dockers, Nick Graham, and Cole Haan, as well as designs and markets products for owned brands comprising Billy London, Oxford, Duck Head, and Strong Suit.

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Raghav worked in Indian media for about five years. He has done commerce post graduation. He is anxious on covering the Asian markets and wants to be one of the leading journalists in this region. He can be contacted at raghav@stockmarketintellects.com