Fossil Group Inc (FOSL) is Downgraded by Wells Fargo to " Underperform"
- Author: Eleanor Harrison Feb 16, 2017,
Feb 16, 2017, 0:21
For the current quarter ending in April, Fossil Group expects its results to range from a loss of 25 cents per share to a loss of 10 cents per share. Q1 revenues are seen falling 9.5% to 13% to $574 to $597 million, also badly short of analysts' $659.18 million estimate.
Fossil Group Inc has a 52 week low of $22.46 and a 52 week high of $51.93 with a P/E ratio of 11.35 The company's market cap is now $0. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Murphy commented, "If Fossil had a quarter where management could have spun a narrative that sounded better, this would have been it-they were transitioning from a GAAP to a non-GAAP earnings basis, the $200M of EBIT "recapture" from New World Fossil gave them cover to speak to tangible streamlining opportunities and Q4 watch sales were actually decent in Q4- inflecting to flat, the best "rate" since Q2-15". Prior to today's report, FOSL had declined -11.56% year-to-date, versus a +4.55% rise in the benchmark S&P 500 index during the same period. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. It has gained $28.95 (-55.75%) since hitting a 52-week high price of $51.93. (NASDAQ:FOSL) in which Evercore ISI Group Downgrades Fossil Group, Inc.
Missed earnings estimates. The company reported diluted earnings of $1.03 per share, missing Wall Street estimates of $1.12 per share. The analysts offering Earnings Estimates for the company were believing that Fossil Group, Inc.
In the last Quarter, Fossil Group, Inc. A total of 3.72 million shares exchanged at hands and its average trading volume is standing at 1.2 million shares. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).
If the securities are soaring at the top end, the chance of that respective security being overrated is largely more, while, if P/E ratio is substandard, there is an augmented probability of it being unrecognized. Full-year profit views are for Fossil Group, Inc.to earn $1.92 in current year and grow profits by almost -57.43% over last year's earnings of $4.51. These results showed an earnings surprise of 16.20% (Thomson Reuter's data). These low performance levels are expected to continue unfortunately with the ROE in a few years around 4.7%.
The stock is now trading at a distance of 2.72% from SMA-20. Eminence Capital LP now owns 2,136,408 shares of the company's stock worth $60,952,000 after buying an additional 352,570 shares in the last quarter. Buckingham Research began coverage on shares of Fossil Group in a report on Wednesday, October 26th. The high end of the earnings forecast is $6.17 per share and low end is $3.79 per share. Nevertheless, the company's product innovation and continued momentum of the Fossil brand has been driving the company's growth. Beta for The Goldman Sachs Group, Inc. stands at 1.51 while its ATR (average true range) is 4.7.