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Abercrombie & Fitch (ANF) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest close session, Abercrombie & Fitch (ANF - Free Report) was down 2.87% at $89.77. The stock's change was less than the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
The teen clothing retailer's stock has climbed by 22.67% in the past month, exceeding the Retail-Wholesale sector's loss of 0.64% and the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Abercrombie & Fitch in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.94, signifying a 16.38% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.25 billion, up 3.22% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.61 per share and a revenue of $5.46 billion, signifying shifts of +7.61% and +3.67%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Abercrombie & Fitch. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.03% higher. At present, Abercrombie & Fitch boasts a Zacks Rank of #3 (Hold).
Investors should also note Abercrombie & Fitch's current valuation metrics, including its Forward P/E ratio of 8.71. For comparison, its industry has an average Forward P/E of 16.15, which means Abercrombie & Fitch is trading at a discount to the group.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 71, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ANF in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Abercrombie & Fitch (ANF) Stock Drops Despite Market Gains: Important Facts to Note
In the latest close session, Abercrombie & Fitch (ANF - Free Report) was down 2.87% at $89.77. The stock's change was less than the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
The teen clothing retailer's stock has climbed by 22.67% in the past month, exceeding the Retail-Wholesale sector's loss of 0.64% and the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Abercrombie & Fitch in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.94, signifying a 16.38% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.25 billion, up 3.22% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.61 per share and a revenue of $5.46 billion, signifying shifts of +7.61% and +3.67%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Abercrombie & Fitch. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.03% higher. At present, Abercrombie & Fitch boasts a Zacks Rank of #3 (Hold).
Investors should also note Abercrombie & Fitch's current valuation metrics, including its Forward P/E ratio of 8.71. For comparison, its industry has an average Forward P/E of 16.15, which means Abercrombie & Fitch is trading at a discount to the group.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 71, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ANF in the coming trading sessions, be sure to utilize Zacks.com.