Back to top

Image: Bigstock

G-III Apparel Group (GIII) Exceeds Market Returns: Some Facts to Consider

Read MoreHide Full Article

G-III Apparel Group (GIII - Free Report) closed the most recent trading day at $28.58, moving +1.85% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.74%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1.13%.

Analysts and investors alike will be keeping a close eye on the performance of G-III Apparel Group in its upcoming earnings disclosure. The company is expected to report EPS of $2.08, up 54.07% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.13 billion, indicating a 4.85% increase compared to the same quarter of the previous year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.27 per share and a revenue of $3.3 billion, indicating changes of +14.74% and +2.35%, respectively, from the former year.

Investors should also note any recent changes to analyst estimates for G-III Apparel Group. These revisions help to show the ever-changing nature of 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, G-III Apparel Group is carrying a Zacks Rank of #1 (Strong Buy).

In terms of valuation, G-III Apparel Group is currently trading at a Forward P/E ratio of 8.59. This indicates a discount in contrast to its industry's Forward P/E of 15.59.

The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 87, placing it within the top 35% of over 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.

Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

G-III Apparel Group, LTD. (GIII) - free report >>

Published in