G-III Apparel Group (GIII) Shares Go Down As The Market Gets: What You Need To Know
This story originally appeared on Zacks
In the last trading session, G-III Apparel Group (GIII) closed at $ 32.23, marking a movement of -0.71% from the previous day. This change is lower than the S&P 500’s daily gain of 0.17%. Elsewhere, the Dow Jones gained 0.55%, while the tech-rich Nasdaq lost 0.44%.
Before today’s stock market, shares of the clothing and accessories maker had gained 10.56% in the past month. This exceeded the 2.34% loss of the consumer discretionary sector and the 3.19% gain of the S&P 500 during this period.
Wall Street will research the positivity of G-III Apparel Group as the date of its next earnings report approaches. On that day, G-III Apparel Group is expected to report earnings of $ 1.79 per share, which would represent year-over-year growth of 36.64%. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 1.01 billion, up 22.36% from the previous year.
Zacks’ consensus estimates for GIII’s full year forecast earnings of $ 3.25 per share and revenue of $ 2.67 billion. These results would represent year-over-year variations of + 351.39% and + 30.09%, respectively.
Any recent changes in analyst estimates for G-III Apparel Group should also be noted by investors. These revisions generally reflect the latest short-term business trends, which can change frequently. As such, the positive estimate revisions reflect analysts’ optimism about the business and profitability of the company.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since. 1988. The Zacks Consensus EPS estimate rose 2.07% over the past month. G-III Apparel Group currently has a Zacks rank of # 3 (Hold).
The valuation is also important, so investors should note that G-III Apparel Group currently has a forward P / E ratio of 9.99. This valuation marks a discount compared to the average forward P / E of its sector of 17.02.
The Textile – Clothing industry is part of the Consumer discretionary sector. This industry currently has a Zacks Industry Rank of 72, which places it in the top 29% of all 250+ industries.
The Zacks Industry Rankings include is ranked from best to worst in terms of the average Zacks rankings of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock market metrics and more on Zacks.com.
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GIII Clothing Group, LTD. (GIII): Free stocks analysis report
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