We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
G-III Apparel (GIII) Queues Up for Q1 Earnings: What to Expect
Read MoreHide Full Article
G-III Apparel Group, Ltd. (GIII - Free Report) is likely to report top and bottom-line growth when it releases first-quarter fiscal 2022 results on Jun 7. The Zacks Consensus Estimate for the period’s earnings has increased a penny to 14 cents over the past 30 days. The year-ago quarter, however, incurred a loss of 75 cents per share. Also, the consensus mark for quarterly revenues is pegged at $461 million, indicating an increase of about 14% from the year-ago quarter’s tally.
On an encouraging note, the company delivered a trailing four-quarter earnings surprise of 49.7%, on average.
Key Factors to Note
G-III Apparel’s brand strength and digital business appear impressive. Management has been driving growth across the digital landscape via investments in internal talent, re-platformed e-commerce sites and improved logistics capabilities. In fact, it is seeing robust results on the websites for DKNY and Karl Lagerfeld Paris. In addition, it is gaining from product lines resonating with consumer demand toward casual, comfortable and functional clothing. Cumulatively, these positives are likely to have contributed to its fiscal first-quarter performance.
On its last earnings call, management had projected first-quarter net sales of roughly $460 million, suggesting an increase of 13.6% from $405.1 million in the year-ago quarter. It had anticipated gross margins to significantly improve from the year-ago quarter’s reported figure, mainly owing to the absence of wholesale gross margins that were hurt by the royalty reserves in the prior year. It had also informed that the company entered fiscal 2022 with a healthy inventory position.
On the flip side, the company has been grappling with a sluggish retail business for a while now. The company is witnessing challenging store traffic for a while now. Nonetheless, management completed restructuring of its retail division, which is remodeled to achieve profitability. So, let’s wait and see whether the revamped retail model could bring the segment back on track in the quarter under review through its imminent results.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for G-III Apparel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here as you will see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Columbia Sportswear (COLM - Free Report) has an Earnings ESP of +43.18% and a Zacks Rank of 2, presently.
Carter's (CRI - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #3 at present.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Image: Bigstock
G-III Apparel (GIII) Queues Up for Q1 Earnings: What to Expect
G-III Apparel Group, Ltd. (GIII - Free Report) is likely to report top and bottom-line growth when it releases first-quarter fiscal 2022 results on Jun 7. The Zacks Consensus Estimate for the period’s earnings has increased a penny to 14 cents over the past 30 days. The year-ago quarter, however, incurred a loss of 75 cents per share. Also, the consensus mark for quarterly revenues is pegged at $461 million, indicating an increase of about 14% from the year-ago quarter’s tally.
On an encouraging note, the company delivered a trailing four-quarter earnings surprise of 49.7%, on average.
Key Factors to Note
G-III Apparel’s brand strength and digital business appear impressive. Management has been driving growth across the digital landscape via investments in internal talent, re-platformed e-commerce sites and improved logistics capabilities. In fact, it is seeing robust results on the websites for DKNY and Karl Lagerfeld Paris. In addition, it is gaining from product lines resonating with consumer demand toward casual, comfortable and functional clothing. Cumulatively, these positives are likely to have contributed to its fiscal first-quarter performance.
On its last earnings call, management had projected first-quarter net sales of roughly $460 million, suggesting an increase of 13.6% from $405.1 million in the year-ago quarter. It had anticipated gross margins to significantly improve from the year-ago quarter’s reported figure, mainly owing to the absence of wholesale gross margins that were hurt by the royalty reserves in the prior year. It had also informed that the company entered fiscal 2022 with a healthy inventory position.
On the flip side, the company has been grappling with a sluggish retail business for a while now. The company is witnessing challenging store traffic for a while now. Nonetheless, management completed restructuring of its retail division, which is remodeled to achieve profitability. So, let’s wait and see whether the revamped retail model could bring the segment back on track in the quarter under review through its imminent results.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for G-III Apparel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here as you will see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
GIII Apparel Group, LTD. Price and EPS Surprise
GIII Apparel Group, LTD. price-eps-surprise | GIII Apparel Group, LTD. Quote
Although G-III Apparel currently carries a Zacks Rank #2, its Earnings ESP of -3.70% leaves surprise prediction inconclusive.
Stocks With Favorable Combination
Here are some companies you may want to consider as our model shows that these have the right combination of elements to beat on earnings:
The Aaron's Company (AAN - Free Report) presently has an Earnings ESP of +0.89% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Columbia Sportswear (COLM - Free Report) has an Earnings ESP of +43.18% and a Zacks Rank of 2, presently.
Carter's (CRI - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #3 at present.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>