Q1 revenues are seen falling 9.5% to 13% to $574 to $597 million, also badly short of analysts' $659.18 million estimate. The highest and lowest price target given by the brokerage firms to the equity are $285 and $140, respectively.
Several sell side analysts reviewed their recommendations on Fossil Group, Inc. The difference between Actual EPS and Estimated EPS was 0.12 Percent. (NASDAQ:FOSL) is projected at -17.8 percent in the Current Quarter and -41.7 percent in the Next Quarter, according to analysts. 3 of Wall Street analysts have an underperform rating; the 1 sells versus 0 buy or better ratings. The stock stands almost -55.96% off versus the 52-week high and 1.83% away from the 52-week low. The current consensus estimate compares to last year's same quarter result of $1.46 a share and a decrease of -17.81%.
Gross margin consequently fell 200 basis points to 51% during the quarter, reflecting steep discounts and the shift toward lower-margin smartwatches from higher-margin traditional watches, Secor said.
Fossil Group Inc.is a global designer marketer and distributor company that specializes in consumer fashion accessories. The stock gained 3.52 percent the session following the earnings reports were released, and on 7th day price change was 26.22 percent.
Fossil Group, Inc.'s (FOSL) stock price distance from twenty day simple moving average slumped at -7.73% while its distance from fifty day simple moving average declined -15.78% along with -21.73% below distance from two hundred simple moving averages. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell). 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. Inside the closing six months period the stock's performance declined -28.51% while overall yearly performance lost -33.63%. Similarly, the company has Return on Assets of 4.4 percent, Return on Equity of 10.5 percent and Return on Investment of 12.1 Percent. The company has grown 27.18% in past 3 months and in the last five trades has moved up 3.69%. Eminence Capital LP now owns 2,136,408 shares of the company's stock valued at $60,952,000 after buying an additional 352,570 shares in the last quarter. These rates are commonly fixed in the open market, depending on the supply/demand statistics.
In related news, insider Darren E. Hart sold 13,125 shares of Fossil Group stock in a transaction that occurred on Friday, December 9th.
Return on equity (ROE) is a measure of how much profit (net income) a company makes as a percentage of the shareholders equity. KeyCorp reissued an "overweight" rating and issued a $42.00 target price on shares of Fossil Group in a research note on Wednesday, December 28th. Thus the company showed an Earnings Surprise of 38.7 Percent. Revenue of 685.4M for that quarter was above the $671.86M analysts had expected.
August 09, 2016: Fossil Group, Inc. Beta for The Goldman Sachs Group, Inc. stands at 1.51 while its ATR (average true range) is 4.7.