Fossil Group Inc reports results for the quarter ended September 30 - Earnings Summary

• Fossil Group Inc reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -63 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -23 cents to 6 cents per share.

• Revenue rose 0.4% to $271.20 million from a year ago; analysts expected $248.66 million.

• Fossil Group Inc's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $11.7 million.

• Fossil Group Inc shares had risen by 22.7% this quarter and gained 114.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 81.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "buy"

• Wall Street's median 12-month price target for Fossil Group Inc is $9.00, about 10.4% above its last closing price of $8.06

This summary was machine generated from LSEG data November 10 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)