Guess? Inc reports results for the quarter ended in July 31 - Earnings Summary

Guess?

28/08/2024 22:01

* Guess? Inc  GES.N  reported quarterly adjusted earnings of
42
cents​​ per share for the quarter ended July 31, lower than the
same quarter last year, when the company reported EPS of 72
cents.  The mean expectation of four analysts for the quarter
was for earnings of 43 cents per share. Wall Street expected
results to range from 41 cents to 44 cents per share.
    * Revenue rose 10.2% to $732.56 million from a year ago;
analysts
expected $729.96 million. 
    * Guess? Inc's reported EPS for the quarter was a loss of 28
cents​.
    * The company reported a quarterly loss of $10.6 million.
    * Guess? Inc shares had risen by 3.9% this quarter and
gained 0.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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
26.00 
This summary was machine generated from LSEG data August 28 at
09:01 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
 Jul. 31 2024      0.43           0.42           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