Recap: Jerash Holdings Q2 Earnings

Shares of Jerash Holdings (US) JRSH remained unaffected after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 25.81% year over year to $0.23, which beat the estimate of $0.15.

Revenue of $27,086,000 declined by 11.52% year over year, which beat the estimate of $25,200,000.

Outlook

The upcoming fiscal year's revenue expected to be between $85,000,000 and $85,000,000.

Details Of The Call

Date: Nov 12, 2020

Time: 09:00 AM

ET Webcast URL: https://irdirect.net/JRSH/corporate_document/2128

Technicals

Company's 52-week high was at $7.14

52-week low: $3.60

Price action over last quarter: Up 11.56%

Company Description

Jerash Holdings (US) Inc along with its subsidiaries is a manufacturer and exporter of customized, ready-made sport and outerwear from knitted fabric from its production facilities in Jordan. The company manufactures for retailers namely Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation, Philip-Van Heusen which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, Calvin Klein, Tommy Hilfiger, IZOD, Speedo etc. It derives its revenue from the manufacturing and sales of outerwear in the United States. The company's product offering consists of jackets, polo shirts, crew neck shirts, pants and shorts made from knitted fabric.