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Abercrombie & Fitch (ANF) Outpaces Stock Market Gains: What You Should Know
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Abercrombie & Fitch (ANF - Free Report) closed at $22.22 in the latest trading session, marking a +1.37% move from the prior day. This move outpaced the S&P 500's daily gain of 0.47%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.74%.
Heading into today, shares of the teen clothing retailer had gained 4.78% over the past month, lagging the Retail-Wholesale sector's gain of 6.95% and the S&P 500's gain of 7.71% in that time.
Wall Street will be looking for positivity from ANF as it approaches its next earnings report date. On that day, ANF is projected to report earnings of $1.12 per share, which would represent a year-over-year decline of 18.84%. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, down 4.81% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for ANF. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.99% higher within the past month. ANF is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, ANF currently has a Forward P/E ratio of 22.04. Its industry sports an average Forward P/E of 13.61, so we one might conclude that ANF is trading at a premium comparatively.
We can also see that ANF currently has a PEG ratio of 1.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.34 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Abercrombie & Fitch (ANF) Outpaces Stock Market Gains: What You Should Know
Abercrombie & Fitch (ANF - Free Report) closed at $22.22 in the latest trading session, marking a +1.37% move from the prior day. This move outpaced the S&P 500's daily gain of 0.47%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.74%.
Heading into today, shares of the teen clothing retailer had gained 4.78% over the past month, lagging the Retail-Wholesale sector's gain of 6.95% and the S&P 500's gain of 7.71% in that time.
Wall Street will be looking for positivity from ANF as it approaches its next earnings report date. On that day, ANF is projected to report earnings of $1.12 per share, which would represent a year-over-year decline of 18.84%. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, down 4.81% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for ANF. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.99% higher within the past month. ANF is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, ANF currently has a Forward P/E ratio of 22.04. Its industry sports an average Forward P/E of 13.61, so we one might conclude that ANF is trading at a premium comparatively.
We can also see that ANF currently has a PEG ratio of 1.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.34 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.