Abercrombie & Fitch Co. (ANF) is set to release its Q2 earnings on August 27, with a forecasted EPS of $2.32 and revenues of $1.2 billion. Analysts have an "Outperform" consensus recommendation and an average target price of $110.29, indicating a potential 12.07% upside. The company has consistently surpassed earnings and revenue projections over the past two years.
Title: Abercrombie & Fitch Co. (ANF) Q2 Earnings: Analysts Anticipate Positive Performance
Abercrombie & Fitch Co. (ANF) is poised to release its Q2 earnings on August 27, with analysts forecasting an EPS of $2.32 and revenues of $1.2 billion. The consensus recommendation from analysts is an "Outperform" rating, with an average target price of $110.29, suggesting a potential 12.07% upside. Over the past two years, the company has consistently exceeded earnings and revenue projections, setting a positive track record for investors.
In the previous quarter, Abercrombie & Fitch reported revenues of $1.10 billion, a 7.5% year-on-year increase, and beat analysts' revenue expectations by 3.5%. While the company exceeded EBITDA estimates, it missed EPS guidance for the next quarter, indicating some caution among analysts. However, the recent trend of analysts reconfirming their estimates and the company's strong performance history bode well for the upcoming earnings report.
Comparatively, Abercrombie & Fitch's peer, Boot Barn, has also shown positive results, with a 19.1% year-on-year sales growth in the latest quarter. The positive sentiment among investors in the apparel and footwear retail segment, with share prices up 2.5% on average over the last month, further underscores the sector's resilience.
The company's ability to navigate the challenges of the retail landscape and maintain consistent growth is a testament to its strategic positioning. As it heads into earnings, investors will be watching for any signs of continued strength or potential setbacks that could impact the stock price. The upcoming earnings report will provide further clarity on Abercrombie & Fitch's financial health and future prospects.
References
[1] https://ca.finance.yahoo.com/news/expect-abercrombie-fitch-anf-q2-030109090.html
[2] https://finance.yahoo.com/news/expect-abercrombie-fitch-anf-q2-030109090.html
[3] https://finance.yahoo.com/news/abercrombie-fitch-anf-expected-beat-140001308.html
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