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Here's Why Abercrombie & Fitch (ANF) Fell More Than Broader Market
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In the latest close session, Abercrombie & Fitch (ANF - Free Report) was down 5.36% at $90.89. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
The teen clothing retailer's stock has climbed by 8.12% in the past month, exceeding the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Abercrombie & Fitch in its upcoming release. The company is expected to report EPS of $1.9, down 18.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.24 billion, up 2.76% from the year-ago period.
ANF's full-year Zacks Consensus Estimates are calling for earnings of $10.46 per share and revenue of $5.43 billion. These results would represent year-over-year changes of +6.09% and +3.18%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Abercrombie & Fitch. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 witnessed a 1.43% decrease. 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 9.18. Its industry sports an average Forward P/E of 16.08, 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 industry currently has a Zacks Industry Rank of 58, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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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Here's Why Abercrombie & Fitch (ANF) Fell More Than Broader Market
In the latest close session, Abercrombie & Fitch (ANF - Free Report) was down 5.36% at $90.89. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
The teen clothing retailer's stock has climbed by 8.12% in the past month, exceeding the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Abercrombie & Fitch in its upcoming release. The company is expected to report EPS of $1.9, down 18.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.24 billion, up 2.76% from the year-ago period.
ANF's full-year Zacks Consensus Estimates are calling for earnings of $10.46 per share and revenue of $5.43 billion. These results would represent year-over-year changes of +6.09% and +3.18%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Abercrombie & Fitch. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 witnessed a 1.43% decrease. 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 9.18. Its industry sports an average Forward P/E of 16.08, 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 industry currently has a Zacks Industry Rank of 58, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.