Fossil Group, Inc. (NASDAQ:FOSL) is reporting second quarter financial results on Wednesday 12th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, FOSL is expected to report 2Q20 loss of $ 1.71 per share from revenue of $ 182.10 million.
For the full year, analysts anticipate top line of $ 1419.00 million, while looking forward to loss of $ 3.13 per share bottom line.
The Company Outlook
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 first quarter of $ 1.49 per share, from the revenue of $ 390.70 million. The quarterly earnings down 22.38 percent while revenues compared with the same quarter last year.
Street analysts expected Fossil Group, Inc. to report loss of $ 1.51 per share on revenue of $ 381.30 million for the first quarter. The bottom line results beat street analysts by $ 0.02 or 1.32 percent, at the same time, top line results outshined analysts by $ 9.40 million or 2.47 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Fossil Group, Inc.
Stock Performance
According to the previous trading day, closing price of FOSL was $ 4.81, representing a 78.81 % increase from the 52 week low of $ 2.69 and a 65.93 % decrease over the 52 week high of $ 14.12.
The company has a market capital of $ 246.69 million and is part of the Consumer Cyclical sector and Footwear & Accessories industry.
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Conference Call
Fossil Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 12th August 2020, to discuss its 2Q20 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.
