Abercrombie & Fitch (ANF) closed at $98.41 in the latest trading session, marking a -4.91% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.11% for the day. On the other hand, the Dow registered a loss of 0.56%, and the technology-centric Nasdaq increased by 0.35%.
The stock of teen clothing retailer has risen by 23.08% in the past month, leading the Retail-Wholesale sector's gain of 1.33% and the S&P 500's gain of 0.51%.
The investment community will be closely monitoring the performance of Abercrombie & Fitch in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.29, reflecting a 18.87% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.12 billion, indicating a 2.27% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.71 per share and a revenue of $5.49 billion, signifying shifts of +8.62% and +4.28%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Abercrombie & Fitch. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.05% increase. Abercrombie & Fitch is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Abercrombie & Fitch has a Forward P/E ratio of 9.67 right now. This expresses a discount compared to the average Forward P/E of 16.34 of its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 72, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ANF in the coming trading sessions, be sure to utilize Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).