In the latest trading session, G-III Apparel Group (GIII - Free Report) closed at $31.94, marking a -1.99% move from the previous day. This change lagged the S&P 500's 0.58% gain on the day. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 1.13%.
Prior to today's trading, shares of the clothing and accessories maker had lost 22.57% over the past month. This has lagged the Consumer Discretionary sector's loss of 1.88% and the S&P 500's loss of 2.34% in that time.
Wall Street will be looking for positivity from GIII as it approaches its next earnings report date. The company is expected to report EPS of $0.22, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $650.62 million, up 6.36% from the prior-year quarter.
GIII's full-year Zacks Consensus Estimates are calling for earnings of $3.30 per share and revenue of $3.28 billion. These results would represent year-over-year changes of +15.38% and +6.65%, respectively.
Investors might also notice recent changes to analyst estimates for GIII. 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 company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has moved 0.15% higher. GIII is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, GIII currently has a Forward P/E ratio of 9.87. Its industry sports an average Forward P/E of 16.04, so we one might conclude that GIII is trading at a discount comparatively.
Investors should also note that GIII has a PEG ratio of 0.66 right now. 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. GIII's industry had an average PEG ratio of 1.45 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 92, putting it in the top 36% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.