Oxford Industries (OXM) Surpasses Q2 Earnings Estimates

Core Viewpoint - Oxford Industries reported quarterly earnings of $1.26 per share, exceeding the Zacks Consensus Estimate of $1.21 per share, but down from $2.77 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +4.13%, with the company having met expectations in the previous quarter [2] - Revenues for the quarter were $403.14 million, missing the Zacks Consensus Estimate by 1.11%, and down from $419.89 million year-over-year [3] - Over the last four quarters, the company has surpassed consensus revenue estimates two times [3] Stock Performance - Oxford Industries shares have declined approximately 48.3% since the beginning of the year, contrasting with the S&P 500's gain of 10.7% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.68 on revenues of $313.23 million, and for the current fiscal year, it is $2.95 on revenues of $1.51 billion [8] - The estimate revisions trend for Oxford Industries was mixed ahead of the earnings release, which may change following the recent report [7] Industry Context - The Textile - Apparel industry, to which Oxford Industries belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, indicating potential challenges ahead [9]