Why Fossil Group (FOSL) Stock Is Lower Today

NEW YORK (TheStreet) -- Fossil Group (FOSL) stock is tumbling Wednesday after reporting first-quarter earnings below analysts' estimates and as second-quarter guidance disappointed. 

By early afternoon, shares had plummeted 8.9% to $101.51.

Over the three months to March, the watchmaker earned $1.11 a share, 6 cents lower than analysts surveyed by Thomson Reuters forecast. Additionally, for its second quarter, management guided for net income between 90 cents and 97 cents a share, below consensus of $1 a share. 

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates FOSSIL GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate FOSSIL GROUP INC (FOSL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


WATCH: More market update videos on TheStreet TV | More videos from Joe Deaux

If you liked this article you might like

These Are the 27 Companies You Must Watch Ahead of Apple's Big Launch Event

Here's How Apple Could Surprise Us With an Improved Apple Watch

How Fitbit's New Smartwatch Can Boost Its Sagging Top Line

Random Action as Market Prepares for Jackson Hole