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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 $29.91 in the latest trading session, marking a +0.82% move from the prior day. This move outpaced the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Coming into today, shares of the teen clothing retailer had gained 8.8% in the past month. In that same time, the Retail-Wholesale sector gained 3.75%, while the S&P 500 gained 3.95%.
Investors will be hoping for strength from ANF as it approaches its next earnings release. The company is expected to report EPS of $1.13, up 301.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $733.19 million, up 0.31% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.39 per share and revenue of $3.68 billion. These totals would mark changes of +20.87% and +2.38%, respectively, from last year.
Any recent changes to analyst estimates for ANF should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. ANF currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note ANF's current valuation metrics, including its Forward P/E ratio of 21.34. Its industry sports an average Forward P/E of 13.94, so we one might conclude that ANF is trading at a premium comparatively.
Meanwhile, ANF's PEG ratio is currently 1.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.35 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 103, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Outpaces Stock Market Gains: What You Should Know
Abercrombie & Fitch (ANF - Free Report) closed at $29.91 in the latest trading session, marking a +0.82% move from the prior day. This move outpaced the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Coming into today, shares of the teen clothing retailer had gained 8.8% in the past month. In that same time, the Retail-Wholesale sector gained 3.75%, while the S&P 500 gained 3.95%.
Investors will be hoping for strength from ANF as it approaches its next earnings release. The company is expected to report EPS of $1.13, up 301.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $733.19 million, up 0.31% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.39 per share and revenue of $3.68 billion. These totals would mark changes of +20.87% and +2.38%, respectively, from last year.
Any recent changes to analyst estimates for ANF should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. ANF currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note ANF's current valuation metrics, including its Forward P/E ratio of 21.34. Its industry sports an average Forward P/E of 13.94, so we one might conclude that ANF is trading at a premium comparatively.
Meanwhile, ANF's PEG ratio is currently 1.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.35 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 103, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.