Guess? Inc GES.N reported quarterly adjusted earnings of 26 cents per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of three analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 11 cents to 21 cents per share.
Revenue rose 5.5% to $772.94 million from a year ago; analysts expected $760.76 million.
Guess? Inc's reported EPS for the quarter was 12 cents.
The company reported quarterly net income of $6.24 million.
Guess? Inc shares had risen by 39.4% this quarter and gained 19.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 47.8% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "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 $13.00, about 29.5% below its last closing price of $16.84
This summary was machine generated from LSEG data August 27 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)