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Guess? (GES) Gains on Solid European Unit & Digital Efforts

Zacks Equity Research

Guess, Inc. GES has been gaining from consistent top-line growth, backed by sturdy growth in European operations and its digital-first initiative. Moreover, efficient capital allocation, cost-containment efforts and focus on product development are driving its performance. Notably, this trend continued in third-quarter fiscal 2020, wherein the top and the bottom line rose year on year.

In fact, management raised the lower end of its earnings outlook for fiscal 2020. Guess? now envisions adjusted earnings per share in the range of $1.31-$1.36 compared with the previous guidance of $1.28-$1.36.

Clearly, encouraging performance and raised earnings guidance have heightened analysts’ optimism regarding the stock’s performance. Evidently, the Zacks Consensus Estimate for fourth-quarter fiscal 2020 earnings moved up by a penny to $1.11 in the past 30 days. Moreover, Guess?’ shares have increased 7.2% since its earnings release. Further, this impressive performance has been boosting investors’ sentiment for long. Markedly, this Zacks Rank #3 (Hold) stock has rallied 42.9% in the past six months against the industry’s decline of 5.2%.

Click to get this free report Callaway Golf Company (ELY) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Crocs, Inc. (CROX) : Free Stock Analysis Report Guess?, Inc. (GES) : Free Stock Analysis Report To read this article on Zacks.com click here.