Zacks: Analysts Anticipate Guess?, Inc. (GES) Will Post Quarterly Sales of $651.03 Million

Brokerages expect Guess?, Inc. (NYSE:GES) to announce sales of $651.03 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Guess?’s earnings, with the highest sales estimate coming in at $652.06 million and the lowest estimate coming in at $650.00 million. Guess? reported sales of $573.69 million during the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 22nd.

On average, analysts expect that Guess? will report full year sales of $2.56 billion for the current fiscal year, with estimates ranging from $2.55 billion to $2.58 billion. For the next financial year, analysts expect that the business will report sales of $2.63 billion per share, with estimates ranging from $2.57 billion to $2.70 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Guess?.

Guess? (NYSE:GES) last posted its quarterly earnings data on Wednesday, May 30th. The company reported ($0.23) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.23). Guess? had a negative net margin of 0.32% and a positive return on equity of 6.45%. The business had revenue of $521.29 million during the quarter, compared to analyst estimates of $508.02 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year.



GES has been the subject of several recent research reports. ValuEngine lowered shares of Guess? from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. B. Riley set a $20.00 price objective on shares of Guess? and gave the company a “buy” rating in a research note on Thursday, March 22nd. Zacks Investment Research upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, July 12th. Cowen reiterated a “hold” rating and issued a $23.00 price target on shares of Guess? in a research note on Tuesday, April 10th. Finally, Jefferies Financial Group set a $17.00 price target on shares of Guess? and gave the stock a “hold” rating in a research note on Thursday, March 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Guess? currently has an average rating of “Buy” and an average target price of $20.13.

Institutional investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. purchased a new position in Guess? in the fourth quarter worth approximately $133,000. Xact Kapitalforvaltning AB acquired a new stake in Guess? during the first quarter worth approximately $205,000. Element Capital Management LLC acquired a new stake in Guess? during the first quarter worth approximately $222,000. Profund Advisors LLC acquired a new stake in Guess? during the first quarter worth approximately $227,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in Guess? during the first quarter worth approximately $229,000. Institutional investors own 75.42% of the company’s stock.

Shares of NYSE GES traded down $0.53 during midday trading on Friday, hitting $22.97. The company’s stock had a trading volume of 667,000 shares, compared to its average volume of 1,439,628. Guess? has a 1 year low of $11.98 and a 1 year high of $26.15. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.31 and a beta of 0.21.

The company also recently declared a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Wednesday, June 13th were paid a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, June 12th. This represents a $0.90 dividend on an annualized basis and a yield of 3.92%. Guess?’s dividend payout ratio is currently 128.57%.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.

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