Abercrombie & Fitch (ANF) ended the recent trading session at $92.89, demonstrating a +1.57% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.24%, while the tech-heavy Nasdaq appreciated by 0.36%.
The teen clothing retailer's stock has climbed by 6.37% in the past month, falling short of the Retail-Wholesale sector's gain of 7.33% and outpacing the S&P 500's gain of 5.98%.
Market participants will be closely following the financial results of Abercrombie & Fitch in its upcoming release. The company is forecasted to report an EPS of $1.29, showcasing a 18.87% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.12 billion, up 2.27% from the year-ago period.
ANF's full-year Zacks Consensus Estimates are calling for earnings of $10.71 per share and revenue of $5.49 billion. These results would represent year-over-year changes of +8.62% and +4.28%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Abercrombie & Fitch. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. Abercrombie & Fitch currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Abercrombie & Fitch is currently being traded at a Forward P/E ratio of 8.54. This signifies a discount in comparison to the average Forward P/E of 15.96 for its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Abercrombie & Fitch Company (ANF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).