Abercrombie (ANF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Despite softer consumer sentiment, major retailers such as DECK, ANF, COST and WMT have demonstrated the ability to adapt to evolving consumer behaviors.
Abercrombie (ANF) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
In the latest trading session, Abercrombie & Fitch (ANF) closed at $120.83, marking a +1.09% move from the previous day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Recently, Zacks.com users have been paying close attention to Abercrombie (ANF). This makes it worthwhile to examine what the stock has in store.
In the most recent trading session, Abercrombie & Fitch (ANF) closed at $123.42, indicating a -0.59% shift from the previous trading day.
Abercrombie & Fitch's Q3 FY24 earnings showed 14% YoY revenue growth and 29% YoY operating income growth, beating estimates and raising FY24 guidance. Despite forward revenue projections indicating a slowdown, the company's international expansion, product innovation, and digital strategy could drive outperformance. Potential risks include higher tariffs and rising yields, but strong fundamentals and growth levers suggest potentially attractive returns, warranting a "buy" rating.
In this podcast, Motley Fool analyst Nick Sciple and host Dylan Lewis discuss:
While DECK leads the way with impressive growth and innovation, ANF, GAP, GCO and URBN also offer strong growth potential.
In the most recent trading session, Abercrombie & Fitch (ANF) closed at $130.35, indicating a +1.75% shift from the previous trading day.