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In the latest trading session, Abercrombie & Fitch (ANF) closed at $73.07, marking a -0.95% move from the previous day. This change lagged the S&P 500's 2.03% gain on the day. Elsewhere, the Dow saw an upswing of 1.23%, while the tech-heavy Nasdaq appreciated by 2.74%.
Prior to today's trading, shares of the teen clothing retailer had lost 2.58% over the past month. This has lagged the Retail-Wholesale sector's loss of 2.36% and was narrower than the S&P 500's loss of 5.07% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Abercrombie & Fitch in its upcoming earnings disclosure. On that day, Abercrombie & Fitch is projected to report earnings of $1.48 per share, which would represent a year-over-year decline of 30.84%. Alongside, our most recent consensus estimate is anticipating revenue of $1.07 billion, indicating a 5.28% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.01 per share and revenue of $5.17 billion. These totals would mark changes of +2.99% and +4.4%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Abercrombie & Fitch. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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, the Zacks Consensus EPS estimate has moved 0.45% lower. Currently, Abercrombie & Fitch is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Abercrombie & Fitch has a Forward P/E ratio of 6.7 right now. This indicates a discount in contrast to its industry's Forward P/E of 12.91.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 139, finds itself in the bottom 44% echelons of all 250+ industries.