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Guess (GES) Misses Q3 Earnings and Revenue Estimates
GESGuess(GES) ZACKS·2024-11-26 23:35

Core Viewpoint - Guess (GES) reported quarterly earnings of 0.34pershare,missingtheZacksConsensusEstimateof0.34 per share, missing the Zacks Consensus Estimate of 0.43 per share, representing a -20.93% earnings surprise [1] - The company posted revenues of 738.52millionforthequarterendedOctober2024,missingtheZacksConsensusEstimateby1.66738.52 million for the quarter ended October 2024, missing the Zacks Consensus Estimate by 1.66% [2] Financial Performance - Earnings per share decreased from 0.49 a year ago to 0.34thisquarter[1]−Revenuesincreasedfrom0.34 this quarter [1] - Revenues increased from 651.17 million a year ago to 738.52millionthisquarter[2]−Overthelastfourquarters,thecompanyhassurpassedconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatesthreetimes[2]StockPerformance−Guessshareshavelostapproximately21.8738.52 million this quarter [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Guess shares have lost approximately 21.8% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [4] - The current Zacks Rank for Guess is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the coming quarter is 2.04 on revenues of 989.5million,andforthecurrentfiscalyear,itis989.5 million, and for the current fiscal year, it is 2.63 on revenues of 3.06billion[8]−TheestimaterevisionstrendforGuessismixed,andfutureearningsexpectationswilldependonmanagement′scommentaryduringtheearningscall[3][5]IndustryContext−TheTextile−Apparelindustry,towhichGuessbelongs,iscurrentlyinthetop203.06 billion [8] - The estimate revisions trend for Guess is mixed, and future earnings expectations will depend on management's commentary during the earnings call [3][5] Industry Context - The Textile - Apparel industry, to which Guess belongs, is currently in the top 20% of over 250 Zacks industries, indicating a favorable outlook [9] - Another company in the same industry, Oxford Industries (OXM), is expected to report a significant decline in earnings, with a consensus EPS estimate of 0.11, representing a year-over-year change of -89.1% [10][11]