Phillips-Van Heusen Corp. (PVH) is up about 23% since it was last featured as a Growth and Income pick in mid-June. That performance more than doubled the gains experienced by the broader market. The Zacks Consensus Estimate is on the rise ahead of PVH’s earnings release in mid-August.

Bullish Forecasts

The Zacks Consensus Estimate for the current year stands at $2.30 per share is up a penny in just the past week and was increased by 12 cents over the past 90 days. The most accurate Zacks Consensus Estimate is more bullish at $2.40.

For the following year, the Zacks Consensus Estimate was bumped up to $2.55 per share from last week’s $2.53 and is 16 cents above the 3 months-ago level of $2.39. The most accurate Zacks Consensus Estimate is higher at $2.75.

Phillips-Van Heusen has watched the second-quarter Zacks Consensus Estimate climb from 41 cents per share to 44 cents over the past 3 months. The accurate projection is also hihger at 47 cents.

The company is scheduled to release results for the second quarter on August 19.

Zacks Investment Research
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