Guess? Inc reports results for the quarter ended in January - Earnings Summary

Guess?

30/05/2024 22:37

* Guess? Inc  GES.N  reported a quarterly adjusted loss
of 27
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of -7
cents.  The mean expectation of four analysts for the quarter
was for a loss of 40 cents per share. Wall Street expected
results to range from -41 cents to -38 cents per share.
    * Revenue rose 3.9% to $591.94 million from a year ago;
analysts
expected $574.64 million. 
    * Guess? Inc's reported EPS for the quarter was 23 cents​.
    * The company reported quarterly net income of $13.02
million.
    * Guess? Inc shares had fallen by 19.0% this quarter and
gained 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2,550% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "hold"

Wall Street's median 12-month price target for Guess? Inc is
$29.00 
This summary was machine generated from LSEG data May 30 at
09:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -0.40          -0.27          Beat
 Jan. 31 2024      1.56           2.01           Beat
 Oct. 31 2023      0.61           0.49           Missed
 Jul. 31 2023      0.40           0.72           Beat