Fossil (FOSL) Postmarket Reaction Overdone, Sell - Piper Jaffray
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Go back to Fossil (FOSL) Postmarket Reaction Overdone, Sell - Piper Jaffray
February 17, 2016 7:36 AM EST
Cowen analyst, Oliver Chen, cut his price target on Fossil (NASDAQ: FOSL) to $41 from $42 and maintained his Market Perform rating since new guidance implies a second half inflection point. Acknowledging the opportunity for connected devices, he is waiting for visibility on new product... More
February 17, 2016 7:35 AM EST
Mizuho Securities reiterated a Neutral rating on Fossil (NASDAQ: FOSL), and raised the price target to $36.00 (from $30.00), following the company's 4Q earnings report. FOSL reported EPS of $1.46 vs. consensus $1.31, partially due to a ~$0.10 lower tax benefit.
Analyst Betty Chen commented, "We have... More
February 16, 2016 4:05 PM EST
Fossil Group (NASDAQ: FOSL) reported Q4 EPS of $1.46, $0.16 better than the analyst estimate of $1.30. Revenue for the quarter came in at $992.3 million versus the consensus estimate of $923.86 million.
GUIDANCE:
Fossil Group sees Q1 2016 EPS of $0.05-$0.20,... More
