Wall Street brokerages expect Guess?, Inc. (NYSE:GES) to post $602.71 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Guess?’s earnings. The highest sales estimate is $604.00 million and the lowest is $601.41 million. Guess? posted sales of $554.14 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The firm is expected to report its next earnings results on Tuesday, November 20th.
On average, analysts expect that Guess? will report full year sales of $2.57 billion for the current financial year, with estimates ranging from $2.56 billion to $2.59 billion. For the next financial year, analysts anticipate that the business will post sales of $2.73 billion, with estimates ranging from $2.70 billion to $2.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Guess?.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 29th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Guess? had a net margin of 0.10% and a return on equity of 8.12%. The company had revenue of $645.87 million for the quarter, compared to analysts’ expectations of $650.61 million. During the same period last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis.
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday, July 12th. TheStreet upgraded shares of Guess? from a “c+” rating to a “b” rating in a research report on Thursday, August 30th. Finally, Telsey Advisory Group increased their price target on shares of Guess? from $26.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, August 30th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.80.
In other news, Director Gianluca Bolla purchased 2,832 shares of Guess? stock in a transaction that occurred on Thursday, August 30th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $73,632.00. Following the transaction, the director now owns 63,936 shares of the company’s stock, valued at approximately $1,662,336. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its position in Guess? by 76.6% in the first quarter. Millennium Management LLC now owns 117,532 shares of the company’s stock valued at $2,438,000 after buying an additional 50,965 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in Guess? in the first quarter valued at approximately $205,000. Principal Financial Group Inc. boosted its position in Guess? by 1.2% in the first quarter. Principal Financial Group Inc. now owns 454,045 shares of the company’s stock valued at $9,417,000 after buying an additional 5,421 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Guess? in the second quarter valued at approximately $350,000. Finally, Nisa Investment Advisors LLC boosted its position in Guess? by 192.0% in the second quarter. Nisa Investment Advisors LLC now owns 36,500 shares of the company’s stock valued at $781,000 after buying an additional 24,000 shares in the last quarter. Institutional investors and hedge funds own 70.76% of the company’s stock.
Shares of GES opened at $21.80 on Friday. Guess? has a 12 month low of $14.17 and a 12 month high of $26.95. The company has a market cap of $1.79 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.15. The company has a current ratio of 2.24, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04.
Guess? Company Profile
Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.
Recommended Story: What is Compound Annual Growth Rate (CAGR)?
Get a free copy of the Zacks research report on Guess? (GES)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.