Back to top

Image: Bigstock

Can G-III Apparel (GIII) Run Higher on Strong Earnings Estimate Revisions?

Read MoreHide Full Article

G-III Apparel Group, Ltd. (GIII - Free Report) is a designer and marketer of an extensive range of leather and non-leather apparel that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GIII’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that G-III Apparel could be a solid choice for investors.

Current Quarter Estimates for GIII

In the past 30 days, four estimates have gone higher for G-III Apparel while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 40 cents a share 30 days ago, to a loss of 28 cents today, a move of 30%.

Current Year Estimates for GIII

Meanwhile, G-III Apparel’s current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.01 per share 30 days ago to $1.27 per share today, an increase of 25.7%.

Bottom Line

The stock has also started to move higher lately, adding 33.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>


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