Fossil Group (FOSL) posted its FQ4 2018 earnings last Wednesday. The results were well below expectations, missing on both the top and bottom lines. The company reported EPS of $1.01 vs. consensus estimates of $1.21, while the actual revenue amounted to $787m vs. analysts' expectations for $805m. In addition, management issued a weak Q1 guidance, expecting a loss of $0.66 per share and revenue of $458m, both below market expectations. In response, shares plunged 3% to the date of writing.
I believe that even after the recent sell-off, shares are overvalued, and I expect hard