Earnings Play: PVH Corp.

PVH Corp.'s 1Q earnings are expected on Thursday. Here is what to look out for.

Stocks (2)

On Thursday, after market, PVH Corp. (PVH) is anticipated to report 1Q LPS of $1.68 compared to an EPS of $2.46 a year ago on revenue of approximately $1.3B vs. $2.4B last year. The company designs and markets branded apparel, and on June 2nd, it announced that the Chief Executive Officer of Tommy Hilfiger Global & PVH Europe, Daniel Grieder stepped down from his position to be succeeded by Martijn Hagman.

Looking at a weekly chart, PVH's stock price has been falling inside of a descending channel that began to form in June, 2018. Price is currently on a path towards trend channel resistance and the RSI is holding above a rising trend line. Looking over the last year and a half we can see that when price reaches the 20-week moving average after bouncing off trend channel resistance, the stock tends to consolidate before advancing. We may see some choppy price action before a potential breakout.     



Source: GAIN Capital, TradingView

Looking at a daily chart, PVH's stock price is pulling back after breaking to the upside of a rising channel. The RSI is over 50 and also holding above a bullish trend line. The stock may find support around the $53.00 level before a rebound takes place. If the stock price can break above the $70.00 level then look for a target of $77.00.  If price cannot hold above $53.00 support, look for a decline towards the $44.00 support level.      



Source: GAIN Capital, TradingView

More from Earnings

From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.

As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.