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G-III Apparel Group (GIII) Q4 Earnings: Is a Beat in Store?
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G-III Apparel Group, Ltd. (GIII - Free Report) is scheduled to report fourth-quarter fiscal 2017 results on Mar 27. In the preceding quarter, the company’s earnings missed the Zacks Consensus Estimate by 2%. Notably, its earnings have missed the Zacks Consensus Estimate in the three out of the trailing four quarters.
Zacks Model Shows Likely Earnings Beat
Our proven model shows that G-III Apparel Group is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. The Most Accurate estimate stands at a break-even point, while the Zacks Consensus Estimate is pegged at a loss of 9 cents. So the ensuing difference – the Earnings ESP – is of +100%. A positive ESP combined with the company’s Zacks Rank #3, makes us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
G-III Apparel Group, LTD. Price, Consensus and EPS Surprise
Decline in wholesale outerwear sales have been a major concern for G-III Apparel Group in the past few quarters. However, the company expects wholesale outerwear sales to be robust in fourth-quarter fiscal 2017. However, the company now envisions full year wholesale outerwear sales to decrease by nearly 15%, in comparison with its earlier prediction of a decline in the high-single digit percentage.
Moreover, the company continues to be optimistic about the performance of non-outerwear sales and expects it to increase by roughly 20%.
The company also expects fourth-quarter revenues to be $650 million. However, excluding the impact of Donna Karan business, net sales are forecasted to be $625 million, up 23% year over year. Net loss for the quarter is expected to be in the range of 1–11 cents.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Dave & Buster's Entertainment, Inc. (PLAY - Free Report) currently has an Earnings ESP of +1.72% and a Zacks Rank #3.
Constellation Brands, Inc. (STZ - Free Report) currently has an Earnings ESP of +0.73% and a Zacks Rank #3.
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G-III Apparel Group (GIII) Q4 Earnings: Is a Beat in Store?
G-III Apparel Group, Ltd. (GIII - Free Report) is scheduled to report fourth-quarter fiscal 2017 results on Mar 27. In the preceding quarter, the company’s earnings missed the Zacks Consensus Estimate by 2%. Notably, its earnings have missed the Zacks Consensus Estimate in the three out of the trailing four quarters.
Zacks Model Shows Likely Earnings Beat
Our proven model shows that G-III Apparel Group is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. The Most Accurate estimate stands at a break-even point, while the Zacks Consensus Estimate is pegged at a loss of 9 cents. So the ensuing difference – the Earnings ESP – is of +100%. A positive ESP combined with the company’s Zacks Rank #3, makes us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
G-III Apparel Group, LTD. Price, Consensus and EPS Surprise
G-III Apparel Group, LTD. Price, Consensus and EPS Surprise | G-III Apparel Group, LTD. Quote
Factors Influencing this Quarter
Decline in wholesale outerwear sales have been a major concern for G-III Apparel Group in the past few quarters. However, the company expects wholesale outerwear sales to be robust in fourth-quarter fiscal 2017. However, the company now envisions full year wholesale outerwear sales to decrease by nearly 15%, in comparison with its earlier prediction of a decline in the high-single digit percentage.
Moreover, the company continues to be optimistic about the performance of non-outerwear sales and expects it to increase by roughly 20%.
The company also expects fourth-quarter revenues to be $650 million. However, excluding the impact of Donna Karan business, net sales are forecasted to be $625 million, up 23% year over year. Net loss for the quarter is expected to be in the range of 1–11 cents.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Fastenal Company (FAST - Free Report) currently has an Earnings ESP of +2.17% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dave & Buster's Entertainment, Inc. (PLAY - Free Report) currently has an Earnings ESP of +1.72% and a Zacks Rank #3.
Constellation Brands, Inc. (STZ - Free Report) currently has an Earnings ESP of +0.73% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>