Abercrombie & Fitch (ANF) closed at $144.64 within the newest buying and selling session, marking a +0.03% transfer from the prior day. The inventory outperformed the S&P 500, which registered a each day lack of 1.32%. In the meantime, the Dow skilled a drop of 0.7%, and the technology-dominated Nasdaq noticed a lower of two.24%.
Heading into at the moment, shares of the teenager clothes retailer had misplaced 9.99% over the previous month, lagging the Retail-Wholesale sector’s acquire of 4.07% and the S&P 500’s acquire of 1.55% in that point.
The upcoming earnings launch of Abercrombie & Fitch will probably be of nice curiosity to traders. The corporate’s earnings report is anticipated on November 26, 2024. On that day, Abercrombie & Fitch is projected to report earnings of $2.32 per share, which might characterize year-over-year progress of 26.78%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $1.18 billion, up 11.73% from the year-ago interval.
For the annual interval, the Zacks Consensus Estimates anticipate earnings of $10.31 per share and a income of $4.84 billion, signifying shifts of +64.17% and +13.18%, respectively, from the final 12 months.
Traders must also be aware of any current changes to analyst estimates for Abercrombie & Fitch. These revisions sometimes mirror the newest short-term enterprise developments, which may change regularly. Consequently, upbeat adjustments in estimates point out analysts’ favorable outlook on the corporate’s enterprise well being and profitability.
Our analysis reveals that these estimate alterations are straight linked with the inventory worth efficiency within the close to future. To make the most of this, we have established the Zacks Rank, an unique mannequin that considers these estimated adjustments and delivers an operational ranking system.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a outstanding, outside-audited monitor document of success, with #1 shares delivering a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 0.41% larger. At present, Abercrombie & Fitch is carrying a Zacks Rank of #2 (Purchase).
From a valuation perspective, Abercrombie & Fitch is at the moment exchanging arms at a Ahead P/E ratio of 14.03. For comparability, its business has a median Ahead P/E of 14.75, which suggests Abercrombie & Fitch is buying and selling at a reduction to the group.
The Retail – Attire and Sneakers business is a part of the Retail-Wholesale sector. This business at the moment has a Zacks Business Rank of 80, which places it within the high 32% of all 250+ industries.
The Zacks Business Rank evaluates the facility of our distinct business teams by figuring out the typical Zacks Rank of the person shares forming the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Be mindful to depend on Zacks.com to observe all these stock-impacting metrics, and extra, within the succeeding buying and selling classes.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
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