Brokerages forecast that Guess?, Inc. (NYSE:GES) will report earnings per share (EPS) of $0.10 for the current quarter, Zacks reports. Two analysts have issued estimates for Guess?’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.10. Guess? posted earnings per share of $0.14 in the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The company is expected to issue its next quarterly earnings results on Wednesday, August 23rd.

According to Zacks, analysts expect that Guess? will report full year earnings of $0.40 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $0.60 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Guess?.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, May 24th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.08. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The business had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $449.22 million. During the same period last year, the company posted ($0.23) EPS. The business’s revenue was up 2.2% on a year-over-year basis.

GES has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $11.00 target price on shares of Guess? in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Guess? from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. FBR & Co initiated coverage on shares of Guess? in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $16.00 target price for the company. BidaskClub upgraded shares of Guess? from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Cowen and Company set a $11.00 target price on shares of Guess? and gave the company a “hold” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.89.

In other news, CEO Amigo Victor Herrero acquired 3,274 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $11.70 per share, with a total value of $38,305.80. Following the completion of the acquisition, the chief executive officer now owns 392,848 shares of the company’s stock, valued at approximately $4,596,321.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 29.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Guess? by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,727,549 shares of the company’s stock valued at $19,262,000 after buying an additional 35,422 shares during the period. Advisors Asset Management Inc. raised its position in shares of Guess? by 15.4% in the first quarter. Advisors Asset Management Inc. now owns 1,300,431 shares of the company’s stock valued at $14,500,000 after buying an additional 173,880 shares during the period. First Trust Advisors LP raised its position in shares of Guess? by 101.3% in the first quarter. First Trust Advisors LP now owns 600,704 shares of the company’s stock valued at $6,698,000 after buying an additional 302,218 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in shares of Guess? during the first quarter valued at $472,000. Finally, OLD National Bancorp IN raised its position in shares of Guess? by 3.3% in the first quarter. OLD National Bancorp IN now owns 22,306 shares of the company’s stock valued at $249,000 after buying an additional 718 shares during the period. 77.85% of the stock is owned by institutional investors.

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Guess? (NYSE:GES) opened at 13.36 on Friday. Guess? has a 52 week low of $9.56 and a 52 week high of $18.68. The firm has a 50 day moving average of $12.69 and a 200-day moving average of $11.93. The stock has a market capitalization of $1.11 billion, a PE ratio of 42.82 and a beta of 0.42.

Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

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Earnings History and Estimates for Guess? (NYSE:GES)

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