Phillips-Van Heusen (PVH) is expected to report Q3 earnings after market close Tuesday, November 18, with a conference call scheduled for Wednesday at 9:00 am ET.
Analysts are looking for a profit of $1.07 on revenue of $713.16M. The consensus range is 97c to $1.13 for EPS, and revenue of $685.5M to $728M, according to First Call. In August, the company forecast Q3 EPS $1.07 to $1.13 on revenue of $730M to $740.
In an October 21 note to clients, JP Morgan analyst Evren Dogan Kopelman rated the stock a Neutral amid a difficult economic environment and higher sourcing costs. The analyst said that the apparel maker has a "well-diversified earnings stream," but at the same time, its retail and sportswear business are being pressured by the weak environment. As consumers cut back on discretionary spending amid rising unemployment, rising food and energy costs and turmoil in the financial market, apparel makers are facing a more difficult-than-expected operating environment during the second half of 2008. In recent weeks, shares of many apparel makers have fallen to multi-year lows. In order to fuel growth, the company recently announced that its Calvin Klein's unit's home division will launch two designer furniture lines early next year.