Will Coronavirus Outbreak Hurt PVH Corp's (PVH) Q4 Earnings?
Will Coronavirus Outbreak Hurt PVH Corp's (PVH) Q4 Earnings? Given this situation, PVH Corp expects its results for the fourth quarter and fiscal 2019 to reflect pronounced impacts of the softness in its China operations.The company predicts Greater China to contribute nearly 7% to its revenues in fiscal 2019, while the Asia Pacific region is likely to account for 16% of its revenues. The company believes that non-GAAP earnings would have been higher than its provided guidance had the coronavirus outbreak not happened during the last two weeks of its fiscal year.Additionally, softness at Heritage Brands, owing to a challenging retail landscape, is likely to have persisted. You can see the complete list of today’s Zacks #1 Rank stocks here.CarMax, Inc. KMX presently has an Earnings ESP of +0.13% and a Zacks Rank #3.Fastenal Company FAST currently has an Earnings ESP of +0.36% and a Zacks Rank #3.Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>.