Phillips-Van Heusen Corp. (NYSE:PVH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 5.12%.
Phillips-Van Heusen Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 35.59% to $1.6 in the quarter versus EPS of $1.18 in the year-earlier quarter.
Revenue: Rose 6.74% to $1.64 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Phillips-Van Heusen Corp. reported adjusted EPS income of $1.6 per share. By that measure, the company beat the mean analyst estimate of $1.5. It beat the average revenue estimate of $1.6 billion.
Quoting Management: “We are excited to extend the IZOD brand to the Mexican marketplace,” said Ken Wyse, President of Licensing for PVH Corp. “We have successfully partnered with Comercio Excelente for other PVH brands, and believe this to be a great opportunity to extend our strategic partnership with them, as well as further expand the IZOD reach.”
Key Stats (on next page)…
Revenue decreased 0.4% from $1.64 billion in the previous quarter. EPS decreased 31.62% from $2.34 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.51 to a profit $1.52. For the current year, the average estimate is a profit of $6.39, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)