PVH Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - PVH Corp. is set to release its third-quarter earnings on December 3, with expectations of a decline in earnings per share compared to the previous year, while revenue is anticipated to show slight growth [1]. Earnings Expectations - Analysts predict PVH will report earnings of $2.54 per share, down from $3.03 per share in the same quarter last year [1]. - The consensus estimate for quarterly revenue is $2.28 billion, compared to $2.26 billion a year earlier [1]. Management Changes - On November 18, PVH announced the departure of Chief Financial Officer Zac Coughlin, who is leaving for an opportunity outside the retail and apparel industry [2]. - Following this announcement, PVH shares experienced a decline of 0.6%, closing at $84.74 [2]. Analyst Ratings - Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating with a price target of $95 [4]. - BTIG analyst Robert Drbul initiated coverage with a Buy rating and a price target of $100 [4]. - Goldman Sachs analyst Brooke Roach maintained a Buy rating and raised the price target from $81 to $91 [4]. - Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating and increased the price target from $80 to $88 [4]. - UBS analyst Jay Sole maintained a Buy rating and raised the price target from $146 to $148 [4].