PVH (NYSE:PVH) reported its Q3 earnings results on Wednesday, December 1, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
PVH beat estimated earnings by 28.99%, reporting an EPS of $2.67 versus an estimate of $2.07, which surprised analysts.
Revenue was up $215,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $1.52, which was followed by a 15.07% increase in the share price the next day.
Here’s a look at PVH’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.20 | 0.83 | -0.34 | 0.24 |
| EPS Actual | 2.72 | 1.92 | -0.38 | 1.32 |
| Revenue Estimate | 2.14B | 1.93B | 2.12B | 2.00B |
| Revenue Actual | 2.31B | 2.08B | 2.09B | 2.12B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
PVH management provided guidance for their next quarter, expecting earnings between $1.95 and $2.0 per share for the nextquarter.
This represents a -26.03% in quarter-over-quarter growth for PVH, a bearish signal to many investors.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
