PVH (PVH) came out with quarterly earnings of $2.67 per share, beating the Zacks Consensus Estimate of $2.07 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 28.99%. A quarter ago, it was expected that this owner of the Calvin Klein and Tommy Hilfiger brands would post earnings of $1.19 per share when it actually produced earnings of $2.72, delivering a surprise of 128.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
PVH, which belongs to the Zacks Textile - Apparel industry, posted revenues of $2.33 billion for the quarter ended October 2021, missing the Zacks Consensus Estimate by 2.89%. This compares to year-ago revenues of $2.12 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
PVH shares have added about 13.7% since the beginning of the year versus the S&P 500's gain of 21.6%.