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Why Abercrombie & Fitch (ANF) Could Be Positioned for a Surge
August 30, 2017

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Abercrombie & Fitch Company (ANF - Free Report) is a specialty retail company 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 ANF’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 Abercrombie & Fitchcould be a solid choice for investors.

Current Quarter Estimates for ANF

In the past 30 days, five estimates have gone higher for Abercrombie & Fitchwhile one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 19 cents a share 30 days ago, to 23 cents today, a move of 21.1%.

Current Year Estimates for ANF

Meanwhile, Abercrombie & Fitch’s current year figures are also looking quite promising, with seven 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 a loss of 32 cents per share 30 days ago to a loss of 11 cents per share today, an increase of 65.6%.

Abercrombie & Fitch Company Price and Consensus

The stock has also started to move higher lately, adding 28.2% 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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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