Fossil (FOSL) PT, Estimates Raised at Jefferies Amid Strong Q3
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Go back to Fossil (FOSL) PT, Estimates Raised at Jefferies Amid Strong Q3
November 12, 2014 9:18 AM EST
Topeka Capital maintained a Buy rating on Fossil (NASDAQ: FOSL) with a price target of $150. Dorothy S. Lakner called Q3 results a "blowout."
"We reiterate our Buy on FOSL after it followed up a strong 1H with a blowout 3Q based on... More
November 12, 2014 9:16 AM EST
Piper Jaffray analyst Erinn Murphy reiterated an Overweight rating on Fossil (NASDAQ: FOSL) but trimmed estimates and her price target to $133.00 (from $142.00) following Q3 results and the Michael Kors renegotiation.
"While the set-up into the print was tough given uncertainty around FX headwinds... More
November 11, 2014 4:04 PM EST
Fossil Group (NASDAQ: FOSL) reported Q3 EPS of $1.96, $0.14 better than the analyst estimate of $1.82. Revenue for the quarter came in at $894 million versus the consensus estimate of $879 million.
The board authorizes $1 billion share repurchase program.
Fossil Group sees Q4 2014 EPS of $2.91-$3.21, versus the consensus of $3.16.
Fossil Group sees FY2014 EPS of $7.00-$7.30, versus the consensus of $7.16.
Kosta Kartsotis, Chief Executive Officer, commented on the results. "The third quarter marked another strong period for our company. We reported better-than-expected top and bottom line results, advanced many of... More
