Erste Group Bank Expects Weaker Earnings for Fast Retailing

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) – Erste Group Bank reduced their FY2026 earnings per share (EPS) estimates for Fast Retailing in a research note issued on Monday, July 27th. Erste Group Bank analyst H. Engel now expects that the company will earn $1.00 per share for the year, down from their previous estimate of $1.01. Erste Group Bank also issued estimates for Fast Retailing’s FY2027 earnings at $1.13 EPS.

Fast Retailing (OTCMKTS:FRCOY) last issued its quarterly earnings results on Thursday, July 9th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6 billion.

FRCOY has been the topic of several other research reports. Sanford C. Bernstein assumed coverage on shares of Fast Retailing in a research note on Tuesday, May 26th. They set an “outperform” rating on the stock. Zacks Research lowered shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Fast Retailing currently has an average rating of “Hold”.

Fast Retailing Stock Up 1.7%

FRCOY stock opened at $49.80 on Friday. The company has a 50-day simple moving average of $50.23 and a 200 day simple moving average of $45.36. Fast Retailing has a fifty-two week low of $29.25 and a fifty-two week high of $55.65.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.