Oxford Industries posted its quarterly earnings that topped the Zacks Consensus Estimate.
The company’s quarterly adjusted earnings came in at $3.50 per share, exceeding the Zacks Consensus Estimate of $2.78 per share. Earnings were $1.89 per share a year ago.
Revenues of $352.58 million for the quarter surpassed the Zacks Consensus Estimate by 7.16%. The figure is also higher than year-ago quarter’s revenues of $265.76 million.
Oxford Industries updated its outlook for full fiscal year 2023.
The company issued earnings per share guidance of $9.60-10.00, higher than the consensus earnings per share estimate of $8.80. Revenue guidance is $1.285-1.325 billion, compared to the Street revenue estimate of $1.24 billion. Oxford Industries also updated its FY 2022 guidance to $9.60-$10.00 EPS.
OXM moved above its 50-day moving average on April 19, 2024 date and that indicates a change from a downward trend to an upward trend. In of 57 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 26, 2024. You may want to consider a long position or call options on OXM as a result. In of 111 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for OXM just turned positive on April 25, 2024. Looking at past instances where OXM's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for OXM crossed bullishly above the 50-day moving average on April 26, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OXM advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 201 cases where OXM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OXM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.698) is normal, around the industry mean (3.484). P/E Ratio (11.315) is within average values for comparable stocks, (28.646). OXM's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.937). Dividend Yield (0.024) settles around the average of (0.048) among similar stocks. P/S Ratio (1.116) is also within normal values, averaging (1.925).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OXM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in manufacturing of branded and private label apparel
Industry ApparelFootwear