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In the latest close session, Abercrombie & Fitch (ANF - Free Report) was down 2.5% at $161.24. The stock's performance was behind the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.19%, and the Nasdaq, a tech-heavy index, added 0.27%.
Shares of the teen clothing retailer witnessed a gain of 23.8% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 3.13%, and the S&P 500's loss of 0.2%.
The investment community will be closely monitoring the performance of Abercrombie & Fitch in its forthcoming earnings report. On that day, Abercrombie & Fitch is projected to report earnings of $3.01 per share, which would represent year-over-year growth of 27.54%. Alongside, our most recent consensus estimate is anticipating revenue of $1.37 billion, indicating a 5.86% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $11.42 per share and a revenue of $5.52 billion, demonstrating changes of +15.82% and +4.83%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Abercrombie & Fitch. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, the Zacks Consensus EPS estimate has remained steady. Currently, Abercrombie & Fitch is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Abercrombie & Fitch has a Forward P/E ratio of 14.48 right now. For comparison, its industry has an average Forward P/E of 14.56, which means Abercrombie & Fitch is trading at a discount to the group.
It's also important to note that ANF currently trades at a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.29.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 177, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Abercrombie & Fitch (ANF) Stock Sinks As Market Gains: Here's Why
In the latest close session, Abercrombie & Fitch (ANF - Free Report) was down 2.5% at $161.24. The stock's performance was behind the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.19%, and the Nasdaq, a tech-heavy index, added 0.27%.
Shares of the teen clothing retailer witnessed a gain of 23.8% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 3.13%, and the S&P 500's loss of 0.2%.
The investment community will be closely monitoring the performance of Abercrombie & Fitch in its forthcoming earnings report. On that day, Abercrombie & Fitch is projected to report earnings of $3.01 per share, which would represent year-over-year growth of 27.54%. Alongside, our most recent consensus estimate is anticipating revenue of $1.37 billion, indicating a 5.86% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $11.42 per share and a revenue of $5.52 billion, demonstrating changes of +15.82% and +4.83%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Abercrombie & Fitch. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, the Zacks Consensus EPS estimate has remained steady. Currently, Abercrombie & Fitch is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Abercrombie & Fitch has a Forward P/E ratio of 14.48 right now. For comparison, its industry has an average Forward P/E of 14.56, which means Abercrombie & Fitch is trading at a discount to the group.
It's also important to note that ANF currently trades at a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.29.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 177, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.