Abercrombie & Fitch has been rated Zacks Rank #1 (Strong Buy) on the strength of recent upward revisions to consensus earnings estimates. The teen clothing retailer is expected to post earnings of $3.01 per share for the current quarter, a year-over-year change of +27.5%, with the Zacks Consensus Estimate up +7.6% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $11.42 indicates a year-over-year change of +15.8% and has risen +7.7% over the past month, while the next fiscal year's estimate of $12.41 points to a +8.6% change and has moved +8.1% in the same period. Revenue is forecast at $1.37 billion for the current quarter, up +5.9% year over year, with fiscal-year consensus sales estimates of $5.52 billion and $5.79 billion, each implying a +4.8% change. In its last reported quarter, Abercrombie posted revenues of $1.27 billion, up +4.8% year over year, and EPS of $2.42 versus $2.32 a year earlier, beating the Zacks Consensus revenue estimate of $1.24 billion by +1.94% and the EPS estimate by +24.1%.
Abercrombie & Fitch CompanyAbercrombie & Fitch earns Zacks Rank #1 (Strong Buy) as consensus earnings estimates were revised upward, with EPS and revenue forecasts climbing.
