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Abercrombie & Fitch (ANF) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Abercrombie & Fitch (ANF - Free Report) closed at $73.36, marking a -4.62% move from the previous day. This change lagged the S&P 500's 2.71% loss on the day. Meanwhile, the Dow lost 1.9%, and the Nasdaq, a tech-heavy index, lost 3.56%.
Shares of the teen clothing retailer witnessed a loss of 18.39% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 4.01%, and the S&P 500's gain of 3.5%.
The investment community will be paying close attention to the earnings performance of Abercrombie & Fitch in its upcoming release. The company is forecasted to report an EPS of $2.18, showcasing a 12.8% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.28 billion, indicating a 5.73% upward movement from the same quarter last year.
ANF's full-year Zacks Consensus Estimates are calling for earnings of $9.79 per share and revenue of $5.26 billion. These results would represent year-over-year changes of -8.42% and +6.22%, respectively.
Investors should also note any recent changes to analyst estimates for Abercrombie & Fitch. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.12% lower. Abercrombie & Fitch presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Abercrombie & Fitch is presently trading at a Forward P/E ratio of 7.86. Its industry sports an average Forward P/E of 17.44, so one might conclude that Abercrombie & Fitch is trading at a discount comparatively.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Abercrombie & Fitch (ANF) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Abercrombie & Fitch (ANF - Free Report) closed at $73.36, marking a -4.62% move from the previous day. This change lagged the S&P 500's 2.71% loss on the day. Meanwhile, the Dow lost 1.9%, and the Nasdaq, a tech-heavy index, lost 3.56%.
Shares of the teen clothing retailer witnessed a loss of 18.39% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 4.01%, and the S&P 500's gain of 3.5%.
The investment community will be paying close attention to the earnings performance of Abercrombie & Fitch in its upcoming release. The company is forecasted to report an EPS of $2.18, showcasing a 12.8% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.28 billion, indicating a 5.73% upward movement from the same quarter last year.
ANF's full-year Zacks Consensus Estimates are calling for earnings of $9.79 per share and revenue of $5.26 billion. These results would represent year-over-year changes of -8.42% and +6.22%, respectively.
Investors should also note any recent changes to analyst estimates for Abercrombie & Fitch. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.12% lower. Abercrombie & Fitch presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Abercrombie & Fitch is presently trading at a Forward P/E ratio of 7.86. Its industry sports an average Forward P/E of 17.44, so one might conclude that Abercrombie & Fitch is trading at a discount comparatively.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.