Guess? Inc. (GES) Issues FY14 Earnings Guidance
Guess? Inc. (NYSE:GES) issued an update on its FY14 earnings guidance on Monday morning. The company provided EPS guidance of $1.82- 1.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.88, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $2.55-2.57 billion, compared to the consensus revenue estimate of $2.57 billion.
Guess? Inc. (NYSE:GES) traded down 5.09% during mid-day trading on Monday, hitting $28.33. The stock had a trading volume of 1,801,838 shares. Guess? Inc. has a 1-year low of $24.31 and a 1-year high of $34.94. The stock has a 50-day moving average of $31.81 and a 200-day moving average of $31.41. The company has a market cap of $2.405 billion and a P/E ratio of 16.31.
Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $613.50 million for the quarter, compared to the consensus estimate of $613.56 million. During the same quarter last year, the company posted $0.43 earnings per share. Guess?’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Guess? Inc. will post $1.87 EPS for the current fiscal year.
GES has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Guess? from a buy rating to a hold rating in a research note to investors on Friday. On a related note, analysts at Zacks reiterated a neutral rating on shares of Guess? in a research note to investors on Friday, December 6th. They now have a $34.00 price target on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Guess? from $30.00 to $35.00 in a research note to investors on Thursday, December 5th. They now have a not rated rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $32.54.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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