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Abercrombie & Fitch Earnings Preview: Turnaround Expected to Continue
Abercrombie & Fitch (NYSE: ANF [FREE Stock Trend Analysis]), which has been interested in opening a store in the former offices of The Beatles' Apple Records in London, is scheduled to report its fourth-quarter and full-year fiscal 2012 results Friday, February 22, before the markets open.
Investors will be looking for the company to demonstrate that the turnaround in the third quarter was not a fluke, and that improved inventory control, new fashions and the consolidation of stores in the U.S. can pushed further growth despite a weak holiday shopping season.
Analysts on average predict abercrombie outlet will report that revenue for the quarter rose almost 12 percent year-over-year to $1.48 billion. Earnings of $1.95 per share are also in the consensus forecast. That would be up from a reported profit of $1.12 per share in the comparable quarter of last year.
Analysts seem confident, as the consensus earnings per share (EPS) estimate has risen in the past 60 days from $1.93. Abercrombie and fitch has fallen short of consensus EPS estimates in just one of the past 10 quarters. The earnings beat back in the third quarter was by more than 47 percent.
The company attributed the better-than expected third-quarter results in part to strong international results and surging online sales. While same-store sales fell by three percent, that was an improvement over the 10 percent drop during the second quarter. Abercrombie bologna also offered optimistic guidance for the fourth quarter. The share price jumped more than 34 percent following the third-quarter report.
The consensus forecast for the full year calls for earnings up almost 23 percent year-over-year to $2.98 per share, as well as revenue that is more than eight percent higher to $4.52 billion. That EPS estimate has ticked up by a penny from 60 days ago.
Abercrombie and fitch milano is an American retailer that offers primarily casual wear for consumers less than 25 years of age at more than 1,000 stores in the United States and internationally. It also markets it apparel and accessories online. Its brands include Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks.
Abercrombie milano has a long-term EPS growth forecast of about 18 percent, and its forward earnings multiple is less than the industry average price-to-earnings (P/E) ratio. But the operating margin is a bit less than the industry average, and the return on equity is only about six percent. The dividend yield is near 1.4 percent.