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Fossil Q4 Earnings Preview
Posted February 9, 2012
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Fossil (NASDAQ:FOSL) specializes in the design, marketing, and distribution of consumer fashion accessories. The company is scheduled to report its fourth quarter earnings on Tuesday, February 14, 2012.
Expectations: The consensus estimate for the company's earnings is $1.77 per share, up 21.2% from a year ago when Fossil reported earnings of $1.46 per share. The consensus estimate is down from three months ago when it was $1.78, but is unchanged over the past month. Analysts are projecting earnings of $4.52 per share for the fiscal year. The company is projected to top last year's reported revenue of $701.1 million by 20% to come in $841.4 million for the quarter. Projected revenue for the fiscal year is $2.58 billion.
Performance: The company has reported double-digit revenue increases for the past four quarters. Revenue has risen 31.8% on average. The biggest increase of 36.6% came in the first quarter. Over the past quarter, the stock price has risen to $100.75 from $93.09 on November 11, 2011. Fossil's worst recent stretch was when its stock price fell $7.89 per share between November 28, 2011 and January 11, 2012.
Ratings: Analysts are supportive of the stock, with 75% rating it a buy. The company's nearest three competitors average 0 buys. Analysts' opinions about the stock have worsened recently, as buy ratings have dropped slightly over the last three months.
Earnings estimates provided by Zacks.
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