Oxford Industries (OXM) Q1 Earnings: What To Expect

Fashion conglomerate Oxford Industries (NYSE:OXM) will be reporting results tomorrow after market close. Here’s what investors should know.

Oxford Industries beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $390.5 million, down 3.4% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.

Is Oxford Industries a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Oxford Industries’s revenue to decline 3.4% year on year to $384.8 million, improving from the 5.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.82 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Oxford Industries has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Oxford Industries’s peers in the apparel and accessories segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ThredUp delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 4.4%, and Figs reported revenues up 4.7%, topping estimates by 4.8%. ThredUp traded up 48.1% following the results while Figs was down 1.7%.

Read our full analysis of ThredUp’s results here and Figs’s results here.

Investors in the apparel and accessories segment have had steady hands going into earnings, with share prices flat over the last month. Oxford Industries is down 2.2% during the same time and is heading into earnings with an average analyst price target of $52.75 (compared to the current share price of $56.96).

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