Fossil Group, Inc. (NASDAQ:FOSL) is expected to report third quarter earnings results, after market close, on Wednesday 11th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.73 per share.
Looking ahead, the full year loss are expected at $ 2.28 per share on the revenues of $ 1505.80 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 296.73 million ~ $ 350.68 million
Full Year 2020 topline are forecasted in a range of$ 1,963.00 million ~ $ 2,118.00 million
Click Here For More Historical Outlooks Of Fossil Group, Inc.
Previous Quarter Performance
Fossil Group, Inc. unwinded loss for the second quarter of $ 0.28 per share, from the revenue of $ 259.00 million. The quarterly revenues shrunk 48.10 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.71 per share from $ 182.10 million in revenue. The bottom line results beat street analysts by $ 1.43 or 83.63 percent, at the same time, top line results outshined analysts by $ 76.90 million or 42.23 percent.
Stock Performance
Shares of Fossil Group, Inc. traded low $ -0.15 or -2.33 percent on Tuesday, reaching $ 6.29 with volume of 1.24 million shares. Fossil Group, Inc. has traded high as $ 6.57 and has cracked $ 6.09 on the downward trend
The closing price of $ 6.29, representing a 139.41 % increase from the 52 week low of $ 2.69 and a 26.9 % decrease over the 52 week high of $ 8.81.
The company has a market capital of $ 322.67 million and is part of the Consumer Cyclical sector and Footwear & Accessories industry.
Conference Call
Fossil Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 11th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fossilgroup.com
Fossil Group, Inc. designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include mens and womens fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
