Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

What To Expect From Abercrombie and Fitch’s (ANF) Q2 Earnings

ANF Cover Image

Young adult apparel retailer Abercrombie & Fitch (NYSE: ANF) will be reporting results this Wednesday before the bell. Here’s what you need to know.

Abercrombie and Fitch beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $1.10 billion, up 7.5% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations significantly.

Is Abercrombie and Fitch a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Abercrombie and Fitch’s revenue to grow 5.5% year on year to $1.20 billion, slowing from the 21.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.32 per share.

Abercrombie and Fitch Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Abercrombie and Fitch has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.9% on average.

Looking at Abercrombie and Fitch’s peers in the apparel and footwear retail segment, only Boot Barn has reported results so far. It beat analysts’ revenue estimates by 1.5%, delivering year-on-year sales growth of 19.1%. The stock price was unchanged following the results.

Read our full analysis of Boot Barn’s earnings results here.

There has been positive sentiment among investors in the apparel and footwear retail segment, with share prices up 2.5% on average over the last month. Abercrombie and Fitch is up 1.1% during the same time and is heading into earnings with an average analyst price target of $114.25 (compared to the current share price of $99.67).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.
 
 
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 Sausalito.com & California Media Partners, LLC. All rights reserved.