Guess? (GES) Announces Earnings Results
Guess? (NYSE:GES) issued its quarterly earnings results on Wednesday. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.08, Bloomberg Earnings reports. The business had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $755.64 million. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Guess? updated its Q1 guidance to ($0.27-0.24) EPS and its FY19 guidance to $0.86-0.98 EPS.
Guess? stock opened at $15.52 on Thursday. The stock has a market cap of $1,232.47, a PE ratio of -388.00, a PEG ratio of 0.97 and a beta of 0.54. The company has a current ratio of 2.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Guess? has a 1 year low of $9.56 and a 1 year high of $19.62.
A number of analysts have commented on GES shares. Zacks Investment Research cut shares of Guess? from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Cowen reaffirmed a “hold” rating and set a $17.00 price target on shares of Guess? in a research report on Wednesday, November 22nd. B. Riley raised shares of Guess? from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, February 26th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Guess? in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.74.
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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