Contemporary clothing brand Guess (NYSE:GES) will be announcing earnings results tomorrow after market close. Here's what to expect.
Last quarter Guess reported revenues of $651.2 million, up 2.8% year on year, missing analyst expectations by 0.7%. It was a weak quarter for the company, with a miss of analysts' revenue and earnings estimates.
Is Guess buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Guess's revenue to grow 4.5% year on year to $854.6 million, improving on the 2.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.57 per share.
The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing two upward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Guess's peers in the apparel, accessories and luxury goods segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Tapestry (NYSE:TPR) delivered top-line growth of 2.9% year on year, beating analyst estimates by 1.4% and Carter's (NYSE:CRI) reported revenue decline of 5.9% year on year, missing analyst estimates by 1.3%. Tapestry traded up 2.6% on the results, and Carter's was up 1.8%.
Read the full analysis of Tapestry's and Carter's's results on StockStory.
Investors in the apparel, accessories and luxury goods segment have had steady hands going into the earnings, with the stocks down on average 1.5% over the last month. Guess is up 4.3% during the same time, and is heading into the earnings with analyst price target of $27.6, compared to share price of $25.0.