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Abercrombie & Fitch (ANF) Stock Falls Amid Market Uptick: What Investors Need to Know
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Abercrombie & Fitch (ANF - Free Report) ended the recent trading session at $124.87, demonstrating a -3.84% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.65%. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 0.82%.
The teen clothing retailer's stock has climbed by 17.91% in the past month, exceeding the Retail-Wholesale sector's gain of 4.29% and the S&P 500's gain of 1.15%.
Market participants will be closely following the financial results of Abercrombie & Fitch in its upcoming release. The company is forecasted to report an EPS of $3.55, showcasing a 0.56% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.67 billion, up 5.54% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.78 per share and a revenue of $5.27 billion, signifying shifts of -8.51% and +6.48%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Abercrombie & Fitch. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Abercrombie & Fitch is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Abercrombie & Fitch is presently trading at a Forward P/E ratio of 13.28. This denotes a discount relative to the industry average Forward P/E of 20.84.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 41, finds itself in the top 17% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Abercrombie & Fitch (ANF) Stock Falls Amid Market Uptick: What Investors Need to Know
Abercrombie & Fitch (ANF - Free Report) ended the recent trading session at $124.87, demonstrating a -3.84% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.65%. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 0.82%.
The teen clothing retailer's stock has climbed by 17.91% in the past month, exceeding the Retail-Wholesale sector's gain of 4.29% and the S&P 500's gain of 1.15%.
Market participants will be closely following the financial results of Abercrombie & Fitch in its upcoming release. The company is forecasted to report an EPS of $3.55, showcasing a 0.56% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.67 billion, up 5.54% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.78 per share and a revenue of $5.27 billion, signifying shifts of -8.51% and +6.48%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Abercrombie & Fitch. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Abercrombie & Fitch is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Abercrombie & Fitch is presently trading at a Forward P/E ratio of 13.28. This denotes a discount relative to the industry average Forward P/E of 20.84.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 41, finds itself in the top 17% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.