Guess?, Inc. (GES) to Release Earnings on Tuesday
Guess?, Inc. (NYSE:GES) will release its earnings data after the market closes on Tuesday, August 22nd. Analysts expect Guess? to post earnings of $0.10 per share for the quarter. Guess? has set its Q2 guidance at $0.08-0.11 EPS and its FY18 guidance at $0.34-0.44 EPS.
Guess? (NYSE:GES) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $449.22 million. During the same period in the previous year, the company posted ($0.23) earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect Guess? to post $0.40 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.
Guess?, Inc. (NYSE:GES) opened at 13.27 on Tuesday. Guess?, Inc. has a 52-week low of $9.56 and a 52-week high of $18.68. The firm has a market capitalization of $1.10 billion, a PE ratio of 42.53 and a beta of 0.42. The stock’s 50 day moving average is $12.79 and its 200-day moving average is $11.92.
A number of equities research analysts have issued reports on the company. Standpoint Research cut Guess? from a “buy” rating to a “hold” rating and set a $13.91 target price for the company. in a research report on Wednesday, August 9th. B. Riley reaffirmed a “neutral” rating and set a $12.00 target price on shares of Guess? in a research report on Sunday, June 4th. Zacks Investment Research cut Guess? from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised Guess? from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company upped their target price on Guess? from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.89.
In other Guess? news, CEO Amigo Victor Herrero acquired 3,274 shares of Guess? stock in a transaction dated Monday, June 26th. The stock was bought at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the transaction, the chief executive officer now owns 392,848 shares of the company’s stock, valued at $4,596,321.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 29.60% of the stock is currently owned by corporate insiders.
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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