Earnings To Watch: PVH (PVH) Reports Q2 Results Tomorrow

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

PVH met analysts’ revenue expectations last quarter, reporting revenues of $1.95 billion, down 9.5% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ earnings estimates.

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

This quarter, analysts are expecting PVH’s revenue to decline 6.3% year on year to $2.07 billion, a reversal from the 3.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.28 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. PVH has missed Wall Street’s revenue estimates twice over the last two years.

Looking at PVH’s peers in the apparel, accessories and luxury goods segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Under Armour’s revenues decreased 10.1% year on year, beating analysts’ expectations by 3.8%, and VF Corp reported a revenue decline of 8.6%, topping estimates by 3.3%. Under Armour traded up 21.9% following the results while VF Corp was also up 7.1%.

Read our full analysis of Under Armour’s results here and VF Corp’s results here.

Investors in the apparel, accessories and luxury goods segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. PVH is up 5.5% during the same time and is heading into earnings with an average analyst price target of $137.4 (compared to the current share price of $105.66).

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