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Abercrombie & Fitch (ANF) Gains As Market Dips: What You Should Know
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Abercrombie & Fitch (ANF - Free Report) closed at $21.52 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Coming into today, shares of the teen clothing retailer had gained 10.32% in the past month. In that same time, the Retail-Wholesale sector gained 16.5%, while the S&P 500 gained 13.44%.
Wall Street will be looking for positivity from ANF as it approaches its next earnings report date. This is expected to be March 6, 2019. The company is expected to report EPS of $1.12, down 18.84% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.14 billion, down 4.69% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.95 per share and revenue of $3.57 billion. These totals would mark changes of +46.15% and +2.25%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ANF. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.65% higher. ANF is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, ANF is currently trading at a Forward P/E ratio of 22.44. This valuation marks a premium compared to its industry's average Forward P/E of 14.19.
Also, we should mention that ANF has a PEG ratio of 1.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ANF's industry had an average PEG ratio of 1.37 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 91, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ANF in the coming trading sessions, be sure to utilize Zacks.com.
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Abercrombie & Fitch (ANF) Gains As Market Dips: What You Should Know
Abercrombie & Fitch (ANF - Free Report) closed at $21.52 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Coming into today, shares of the teen clothing retailer had gained 10.32% in the past month. In that same time, the Retail-Wholesale sector gained 16.5%, while the S&P 500 gained 13.44%.
Wall Street will be looking for positivity from ANF as it approaches its next earnings report date. This is expected to be March 6, 2019. The company is expected to report EPS of $1.12, down 18.84% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.14 billion, down 4.69% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.95 per share and revenue of $3.57 billion. These totals would mark changes of +46.15% and +2.25%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ANF. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.65% higher. ANF is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, ANF is currently trading at a Forward P/E ratio of 22.44. This valuation marks a premium compared to its industry's average Forward P/E of 14.19.
Also, we should mention that ANF has a PEG ratio of 1.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ANF's industry had an average PEG ratio of 1.37 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 91, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ANF in the coming trading sessions, be sure to utilize Zacks.com.