G-III Apparel Group (GIII) closed the most recent trading day at $42.37, moving -1.81% from the previous trading session. This move lagged the S&P 500's daily loss of 0.75%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 0.57%.
Heading into today, shares of the clothing and accessories maker had gained 7.74% over the past month, outpacing the Consumer Discretionary sector's gain of 7.01% and the S&P 500's gain of 4% in that time.
Investors will be hoping for strength from GIII as it approaches its next earnings release. The company is expected to report EPS of $0.21, down 4.55% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $650.62 million, up 6.36% from the year-ago period.
GIII's full-year Zacks Consensus Estimates are calling for earnings of $3.30 per share and revenue of $3.28 billion. These results would represent year-over-year changes of +15.38% and +6.65%, respectively.
Investors might also notice recent changes to analyst estimates for GIII. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. GIII is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that GIII has a Forward P/E ratio of 13.08 right now. For comparison, its industry has an average Forward P/E of 16.36, which means GIII is trading at a discount to the group.
We can also see that GIII currently has a PEG ratio of 0.87. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GIII's industry had an average PEG ratio of 1.54 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report
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