Oxford Industries (OXM) closed at $ 98.95 in the last trading session, marking a movement of -0.71% from the previous day. This move lagged behind the S&P 500’s 1.32% daily gain. At the same time, the Dow Jones rose 0.68% and the tech-rich Nasdaq lost 0.15%.
Prior to today, shares of clothing line owner Tommy Bahama, Lilly Pulitzer, and Southern Tide had gained 7.48% over the past month, outpacing the consumer discretionary sector’s 4.8% loss and gain 3.61% of the S&P 500 during this period.
Investors are hoping for strength from Oxford Industries as its next earnings release draws near, which is expected to be on December 8, 2021. In this report, analysts expect Oxford Industries to post a profit of 0. $ 29 per share. That would mark year-over-year growth of 165.91%. Our most recent consensus estimate projects quarterly revenue of $ 227.69 million, up 30% from the previous year.
For the full year, our Zacks consensus estimates project earnings of $ 6.68 per share and revenue of $ 1.1 billion, which would represent changes of 469.06% and 47.35%, respectively, compared to the previous year.
Investors should also note any recent changes in analyst estimates for Oxford Industries. Recent revisions tend to reflect the latest short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified outperformance history, with # 1 stocks returning an average of + 25% per year since. 1988. In the past 30 days, our consensus projection of BPA has remained stagnant. Oxford Industries currently has a Zacks rank of 3 (Hold).
The valuation is also important, so investors should note that Oxford Industries currently has a forward P / E ratio of 14.93. Its industry has an average forward P / E of 16.59, so one could conclude that Oxford Industries is trading at a haircut.
The Textile – Clothing industry is part of the Consumer discretionary sector. This industry currently has a Zacks Industry Rank of 50, which places it in the top 20% of 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
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Oxford Industries, Inc. (OXM): Free Inventory Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.