Abercrombie & Fitch Co. (ANF - Free Report) is principally engaged in the purchase, distribution and sale of men's, women's and kids' casual 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 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 could be a solid choice for investors.
Current Quarter Estimates for ANF
In the past 30 days, five estimates have gone higher for Abercrombie while 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 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, narrowing from a loss of 29 cents per share 30 days ago to a loss of 8 cents per share today, an increase of 72.4%.
Abercrombie & Fitch Company Price and Consensus
The stock has also started to move higher lately, adding 51.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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.
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