New York, July 29th (TradersHuddle.com) – Shares of Warnaco Group, Inc. (NYSE:WRC) are trading higher by +1.60% ahead of its quarterly earnings release. Warnaco, the maker of Calvin Klein menswear, and Speedo swimwear is expected to release its quarterly results on August 1st.
Wall Street Analysts consensus calls for a profit of $0.77 a share on $580.97 million revenue.
Warnaco estimates have a range of $0.27 a share. The high estimate calls for profit of $0.9 a share and the low estimate is calling for a profit of $0.63 a share, a year ago for the quarter the company reported $0.71 a share.
The Warnaco Group, Inc. (NYSE:WRC) manufactures intimate apparel, menswear, jeanswear, swimwear, and accessories. The Company also owns and operates Speedo Authentic Fitness stores in the United States and Canada. Warnaco’s products are sold under various brand names, including Warner’s, Olga, Calvin Klein, and Speedo.
Earlier in this week, Warnaco was downgraded to a Neutral from Buy at Lazard.