Guess?, Inc. (GES) Expected to Announce Earnings of $0.52 Per Share
Analysts expect that Guess?, Inc. (NYSE:GES) will post earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Guess?’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.55. Guess? reported earnings of $0.41 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.8%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Guess? will report full-year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.63. For the next fiscal year, analysts expect that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.80 to $0.90. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Guess?.
Guess? (NYSE:GES) last announced its earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The business had revenue of $554.00 million during the quarter, compared to the consensus estimate of $569.75 million. During the same quarter last year, the firm earned $0.11 earnings per share. Guess?’s quarterly revenue was up 3.3% on a year-over-year basis.
In other news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total transaction of $70,920.00. Following the completion of the sale, the director now directly owns 38,433 shares of the company’s stock, valued at $681,417.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 29.60% of the company’s stock.
Several large investors have recently bought and sold shares of GES. Majedie Asset Management Ltd bought a new stake in shares of Guess? during the third quarter worth about $12,333,000. Bank of New York Mellon Corp boosted its holdings in Guess? by 21.3% during the third quarter. Bank of New York Mellon Corp now owns 3,343,471 shares of the company’s stock worth $56,938,000 after purchasing an additional 587,533 shares during the last quarter. Columbus Circle Investors purchased a new position in Guess? during the third quarter worth about $8,250,000. DSAM Partners London Ltd purchased a new position in Guess? during the third quarter worth about $6,478,000. Finally, Point72 Asset Management L.P. purchased a new position in Guess? during the third quarter worth about $5,136,000. 83.59% of the stock is owned by institutional investors.
Guess? (NYSE GES) traded down $0.64 on Friday, reaching $14.97. 977,344 shares of the company’s stock traded hands, compared to its average volume of 1,308,355. Guess? has a 12-month low of $9.56 and a 12-month high of $19.62. The company has a current ratio of 2.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1,284.30, a P/E ratio of -390.25, a P/E/G ratio of 1.05 and a beta of 0.42.
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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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