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Abercrombie & Fitch (ANF) Stock Drops Despite Market Gains: Important Facts to Note
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Abercrombie & Fitch (ANF - Free Report) closed at $92.25 in the latest trading session, marking a -2.13% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.11% for the day. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Shares of the teen clothing retailer have depreciated by 1.45% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 3.81%, and the S&P 500's loss of 4.28%.
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 $1.29, showcasing a 18.87% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.12 billion, reflecting a 2.27% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.71 per share and a revenue of $5.49 billion, indicating changes of +8.62% and +4.28%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Abercrombie & Fitch. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.32% higher. Abercrombie & Fitch currently has a Zacks Rank of #2 (Buy).
Investors should also note Abercrombie & Fitch's current valuation metrics, including its Forward P/E ratio of 8.81. This indicates a discount in contrast to its industry's Forward P/E of 15.92.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 Drops Despite Market Gains: Important Facts to Note
Abercrombie & Fitch (ANF - Free Report) closed at $92.25 in the latest trading session, marking a -2.13% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.11% for the day. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Shares of the teen clothing retailer have depreciated by 1.45% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 3.81%, and the S&P 500's loss of 4.28%.
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 $1.29, showcasing a 18.87% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.12 billion, reflecting a 2.27% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.71 per share and a revenue of $5.49 billion, indicating changes of +8.62% and +4.28%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Abercrombie & Fitch. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.32% higher. Abercrombie & Fitch currently has a Zacks Rank of #2 (Buy).
Investors should also note Abercrombie & Fitch's current valuation metrics, including its Forward P/E ratio of 8.81. This indicates a discount in contrast to its industry's Forward P/E of 15.92.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.