Fossil Group (FOSL) closed the most recent trading day at $17.33, moving -0.57% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.56%. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Heading into today, shares of the watch and accessories maker had gained 10.81% over the past month, outpacing the Retail-Wholesale sector’s gain of 7.6% and the S&P 500’s gain of 6.41% in that time.
FOSL will be looking to display strength as it nears its next earnings release, which is expected to be February 12, 2019. The company is expected to report EPS of $1.27, up 98.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $809.50 million, down 12.09% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for FOSL. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FOSL is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, FOSL is holding a Forward P/E ratio of 11.35. This valuation marks a discount compared to its industry’s average Forward P/E of 14.42.
The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 67, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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