(PVH) Phillips-Van Heusen Corporation – Forecasts Jump

January 18th, 2010

Phillips-Van Heusen Corporation (PVH) recently boosted its earnings guidance for the fourth quarter and full year, and analysts followed suit. Shares of PVH have outpaced the market by more than 100% over the past year.

The company is expecting fourth-quarter earnings to range between 52 and 54 cents per share.

Analysts polled by Zacks are calling for earnings of 54 cents, an increase of 10 cents from last week’s 44 cents.

For the full year, Phillips-Van Heusen is projecting an earnings range of $2.73 to $2.75 per share.

The Zacks Consensus Estimate stands at $2.75 for the current year, versus last week’s $2.65. For the following year, the Zacks Consensus Estimate of $3.13 per share climbed from $3.05.

Results for the fourth quarter and full year are scheduled for release on Mar 23.

Shares have been soaring. During the past year, PVH advanced by about 140%, while S&P 500 was up nearly 40%.

Zacks Investment Research

More on this topic (What's this?)
Intra-day action (AlphaNinja, 3/15/10)
PVH Corp. Dives on Revised Guidance (Phil’s Stock World, 1/11/12)
PVH Sounds A Cautious 2012 Tone; Shares Slip (Phil’s Stock World, 1/11/12)
Philips-Van Heusen Falls on Dingy Outlook (Wall Street Sector Selector, 5/25/10)
Read more on Phillips-Van Heusen at Wikinvest

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