FOSSIL (FOSL)
EARNINGS RELEASE - AUGUST 12 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.71/share REV: 182.1/M
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LAST QTR: EPS: -1.51/share ACTUAL: -1.46/share (BEAT)
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NEXT QTR: EPS: -.43/share REV: 339.4/M
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FULL YR: EPS: -3.13/share REV: 1,420/M
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BEAT/MISS RECORD: XX% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 20.47, -23.35, -23.55
EXPECTED JUMP MOVE THIS QUARTER: 15+%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Fossil Group, Inc.Global Credit Research – 26 Mar 2021New York, March 26, 2021 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Fossil Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 19 March 2021 in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody’s practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The shares have been on quite a tear recently, up 400% since early August, and have been extremely volatile.
Shares of Fossil plunged in early trading today thanks to the company’s earnings release. Here’s a quick look at what spooked investors.
Now, I’ll turn the call over to Christine Greany of The Blueshirt Group to begin. With us today on the call are Kosta Kartsotis, chairman and CEO; Jeff Boyer, chief operating officer and CFO; and Greg McKelvey, EVP and chief commercial officer. Fossil Group’s policy on forward-looking statements and additional information concerning a number of factors that could cause actual results to differ materially from such statements is readily available in the company’s Form 8-K and 10-Q reports filed with the SEC.
Revenues fell across all categories and regions in the most recent quarter, but the watch and accessories maker expects sales to improve with store closures.
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Avg Daily Volume: 1,958,521 Market Cap: 196.43M
Sector: Consumer Goods Short Interest: 38.47
Ticker delayed 20 minutes
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