In the latest close session, Abercrombie & Fitch (ANF) was down 1.59% at $91.59. This move lagged the S&P 500's daily loss of 0.79%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 1.55%.
The teen clothing retailer's shares have seen an increase of 2.76% over the last month, surpassing the Retail-Wholesale sector's gain of 1.39% and falling behind the S&P 500's gain of 4.28%.
Market participants will be closely following the financial results of Abercrombie & Fitch in its upcoming release. The company's upcoming EPS is projected at $1.9, signifying a 18.10% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.24 billion, indicating a 2.76% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.46 per share and revenue of $5.44 billion. These totals would mark changes of +6.09% and +3.36%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Abercrombie & Fitch. Such recent modifications usually signify the changing landscape 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.57% fall in the Zacks Consensus EPS estimate. Abercrombie & Fitch is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Abercrombie & Fitch currently has a Forward P/E ratio of 8.9. This signifies a discount in comparison to the average Forward P/E of 15.79 for its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 63, finds itself in the top 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).