Abercrombie & Fitch (ANF) closed at $95.31 in the latest trading session, marking a +1.97% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
Shares of the teen clothing retailer have appreciated by 19.8% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 4.28%, and the S&P 500's gain of 5.35%.
Analysts and investors alike will be keeping a close eye on the performance of Abercrombie & Fitch in its upcoming earnings disclosure. The company is expected to report EPS of $2.25, down 10% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.18 billion, up 4.12% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $10.17 per share and a revenue of $5.18 billion, demonstrating changes of -4.86% and +4.69%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Abercrombie & Fitch. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Abercrombie & Fitch holds a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Abercrombie & Fitch is at present trading with a Forward P/E ratio of 9.19. This valuation marks a discount compared to its industry average Forward P/E of 17.74.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Abercrombie & Fitch Company (ANF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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