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Abercrombie & Fitch (ANF) Ascends But Remains Behind Market: Some Facts to Note
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The most recent trading session ended with Abercrombie & Fitch (ANF - Free Report) standing at $137.93, reflecting a +0.15% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.
Shares of the teen clothing retailer have depreciated by 0.42% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 5.71% and the S&P 500's gain of 1.71%.
The investment community will be paying close attention to the earnings performance of Abercrombie & Fitch in its upcoming release. On that day, Abercrombie & Fitch is projected to report earnings of $2.31 per share, which would represent year-over-year growth of 26.23%. Meanwhile, our latest consensus estimate is calling for revenue of $1.17 billion, up 11.2% from the prior-year quarter.
ANF's full-year Zacks Consensus Estimates are calling for earnings of $10.26 per share and revenue of $4.84 billion. These results would represent year-over-year changes of +63.38% and +13.05%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Abercrombie & Fitch. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.12% higher within the past month. Abercrombie & Fitch presently features a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Abercrombie & Fitch has a Forward P/E ratio of 13.43 right now. This denotes a discount relative to the industry's average Forward P/E of 17.3.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Abercrombie & Fitch (ANF) Ascends But Remains Behind Market: Some Facts to Note
The most recent trading session ended with Abercrombie & Fitch (ANF - Free Report) standing at $137.93, reflecting a +0.15% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.
Shares of the teen clothing retailer have depreciated by 0.42% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 5.71% and the S&P 500's gain of 1.71%.
The investment community will be paying close attention to the earnings performance of Abercrombie & Fitch in its upcoming release. On that day, Abercrombie & Fitch is projected to report earnings of $2.31 per share, which would represent year-over-year growth of 26.23%. Meanwhile, our latest consensus estimate is calling for revenue of $1.17 billion, up 11.2% from the prior-year quarter.
ANF's full-year Zacks Consensus Estimates are calling for earnings of $10.26 per share and revenue of $4.84 billion. These results would represent year-over-year changes of +63.38% and +13.05%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Abercrombie & Fitch. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.12% higher within the past month. Abercrombie & Fitch presently features a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Abercrombie & Fitch has a Forward P/E ratio of 13.43 right now. This denotes a discount relative to the industry's average Forward P/E of 17.3.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.