Street Reports

Earnings Estimates Under Spotlight: Abercrombie & Fitch (NYSE:ANF)

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The shares of Abercrombie & Fitch Co. (NYSE:ANF)currently has mean rating of 2.8 while 3 analyst have recommended the shares as ‘BUY’ ,4 recommended as ‘OUTPERFORM’ and 19 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Abercrombie & Fitch Co. (NYSE:ANF)is at $23.34 while the highest price target suggested by the analysts is $45.00 and low price target is $12.00. The mean price target is calculated keeping in view the consensus of 26 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jul 16 is 784.04M by 26 analysts. The means estimate of sales for the year ending Jan 17 is 3.45B by 28 analysts.

The average estimate of EPS for the current fiscal quarter for Abercrombie & Fitch Co. (NYSE:ANF)stands at $-0.18 while the EPS for the current year is fixed at $0.87 by 29.00 analysts

The next one year’s EPS estimate is set at 1.12 by 29.00 analysts while a year ago the analysts suggested the company’s EPS at $0.87. The analysts also projected the company’s long-term growth at 16.50% for the upcoming five years

In its latest quarter ended on 30 Apr 2016 , Abercrombie & Fitch Co. (NYSE:ANF)reported earnings of $-0.59. The posted earnings missed the analyst’s consensus by $-0.08 with the surprise factor of -15.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Abercrombie & Fitch Co. (NYSE:ANF) traded up +0.90% during trading on Friday, hitting $19.21 . The stock had a trading volume of 2.9 M shares. The firm has a 50 day moving average of $22.10 and a 200-day moving average of $26.46. The stock has a market cap of $1.29B and a price-to-earnings ratio of 22.31. On Mar 7, 2016 the shares registered one year high at $32.83 and the one year low was seen on Aug 24, 2015.

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel. The company sells knit and woven shirts, graphic T-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brand names. As of March 2, 2016, it operated through 754 stores in the United States; and 178 stores in Canada, Europe, Asia, and the Middle East. The company sells its products through its stores and direct-to-consumer sales. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

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