Fossil Group (Nasdaq: FOSL) is expected to report Q2 earnings on Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Fossil Group's revenues will increase 8.6% and EPS will expand 1.1%.
The average estimate for revenue is $691.1 million. On the bottom line, the average EPS estimate is $0.93.
Revenue details
Last quarter, Fossil Group booked revenue of $680.9 million. GAAP reported sales were 15% higher than the prior-year quarter's $589.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS details
Last quarter, non-GAAP EPS came in at $1.10. GAAP EPS of $1.21 for Q1 were 30% higher than the prior-year quarter's $0.93 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Recent performance
For the preceding quarter, gross margin was 55.6%, 20 basis points worse than the prior-year quarter. Operating margin was 13.9%, 20 basis points worse than the prior-year quarter. Net margin was 10.6%, 70 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $3.17 billion. The average EPS estimate is $6.18.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 529 members out of 589 rating the stock outperform, and 60 members rating it underperform. Among 189 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 185 give Fossil Group a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fossil Group is outperform, with an average price target of $111.92.
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