Company Performance - Abercrombie & Fitch's stock closed at 3.51, indicating an 18.18% increase from the same quarter last year [2] - Quarterly revenue is forecasted to reach $1.56 billion, representing a 7.69% increase from the previous year [2] Analyst Estimates - Recent changes in analyst estimates for Abercrombie & Fitch suggest a positive outlook, reflecting optimism about the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, indicates a correlation between estimate revisions and stock price performance [4] Valuation Metrics - Abercrombie & Fitch is currently trading at a Forward P/E ratio of 9.37, which is below the industry's average Forward P/E of 15.01, indicating a valuation discount [6] - The Retail - Apparel and Shoes industry holds a Zacks Industry Rank of 67, placing it in the top 27% of over 250 industries [6] Zacks Rank System - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically returning an average of +25% annually since 1988 [5] - Abercrombie & Fitch currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having increased by 0.09% over the past month [5]
Here's Why Abercrombie & Fitch (ANF) Fell More Than Broader Market