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PVH Corp (NYSE:PVH) is due to report earnings right after the closing bell on Tuesday, August 30.

Overview
PVH trades an average of 1.6 million shares per day.

PVH Corp. designs and markets branded dress shirts, neckwear, sportswear, footwear, and other related products worldwide. The company was founded in 1881 and is headquartered in New York, New York.

52 Week High: $75.86
52 Week Low: $44.69
Book Value: $39.66
Float Short: 4.20%

The P/E ratio has dropped, as the current trailing twelve months (ttm) P/E ratio is 26.7, while the forward P/E ratio is now 11.8. It will be interesting to see if pricing is currently at a discount, or if the market has been correct to price in lower growth expectations. Looking at the price movement over the last month, the stock has fallen in price -23.22 %, with a one year change of 15.80%.

Comparing to the S&P 500 price changes, the price performances are -12.02% vs. the S&P 500 from a month ago, and year to date difference is -2.86% vs. the S&P 500 price change.

PVH management has delivered beats in the last five quarters. With the recent pressure on the stock price, it could be a long day for shorts if management is able to hand over another large beat with guidance to match. After RL pulled a horse out of the hat, maybe Tommy can do the same.

PVH updated second quarter guidance in this release.

Non-GAAP Guidance

Second Quarter Guidance: The Company now expects earnings per share on a non-GAAP basis to be at least $0.95, which would equal or exceed the high end of its previously announced guidance of $0.93 to $0.95. This represents an increase of at least 23% over the prior year's second quarter.

Full Year Guidance: The Company now expects earnings per share on a non-GAAP basis to be towards the high end of its previously announced guidance of $4.80 to $5.00.

GAAP Guidance

Second Quarter Guidance: The Company now expects earnings per share to be at least $0.81, which would equal or exceed the high end of its previously announced guidance of $0.79 to $0.81, as compared to a GAAP loss per share of $(1.07) in the prior year's second quarter.

Full Year Guidance: The Company now expects earnings per share to be towards the high end of its previously announced guidance of $4.08 to $4.28.

For the same fiscal period year-over-year, revenue has improved to $4.64 billion for 2011 vs. $2.40 billion for 2010. The bottom line has falling earnings year-over-year of $53.81 million for 2011 vs. $161.91 million for 2010. The company's earnings before income and taxes are falling with an EBIT year-over-year of $203.40 million for 2011 vs. $243.81 million for 2010.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 1.34 B $ 1.37 B $ 24.89 M 1.85%
Jan-11 $ 1.37 B $ 1.40 B $ 31.49 M 2.3%
Oct-10 $ 1.44 B $ 1.52 B $ 79.02 M 5.5%
Jul-10 $ 1.09 B $ 1.10 B $ 11.43 M 1.05%
Apr-10 $ 604.82 M $ 530.69 M $ -74.13 M -12.26%
M = millions, B = billions

Differences are rounded. (Some onetime items are often excluded in reported EPS.)

click to enlarge


Reported earnings per share compared to the mean estimate. Differences are rounded.

Source: Earnings Preview: Phillips-Van Heusen Reports Q2 Results Tuesday