Abercrombie & Fitch (NYSE: ANF ) is expected to report Q2 earnings on Aug. 15. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Abercrombie & Fitch's revenues will expand 4.3% and EPS will shrink -48.6%.
The average estimate for revenue is $956.6 million. On the bottom line, the average EPS estimate is $0.18.
Last quarter, Abercrombie & Fitch tallied revenue of $921.2 million. GAAP reported sales were 10% higher than the prior-year quarter's $836.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.03. GAAP EPS of $0.03 for Q1 were 89% lower than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.6%, 240 basis points worse than the prior-year quarter. Operating margin was 0.6%, 420 basis points worse than the prior-year quarter. Net margin was 0.3%, 270 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.42 billion. The average EPS estimate is $2.68.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 832 members out of 1,151 rating the stock outperform, and 319 members rating it underperform. Among 306 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 241 give Abercrombie & Fitch a green thumbs-up, and 65 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Abercrombie & Fitch is hold, with an average price target of $54.98.
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