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Guess? Gets Figured Out
Guess?, Inc. (GES - Analyst Report) reported better-than-expected third quarter results on the top and bottom lines. However, the company's guidance for the fourth quarter was below consensus expectations.
For the fourth quarter, Guess now expects revenue of $500-$540 million and EPS of $0.50-$0.55. This compares to our previous estimates of $546 million and $0.68 per share. The company's results are being negatively affected by slowing economic growth and a stronger US dollar.
The stock looks cheap, trading at about 7x next year's earnings. Even so, it is best to stay neutral on this stock as earnings estimates are likely to continue declining in the weeks ahead. We maintain our Hold rating.
Read the full analyst report on GES
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| Market Summary | Nov 08, 2009 07:34 am ET |
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