Top Wall Street Forecasters Revamp G-III Apparel Expectations Ahead Of Q1 Earnings

Financial Performance - G-III Apparel Group is set to release its first-quarter financial results on June 6, with expected earnings of 13 cents per share, an increase from 12 cents per share in the same period last year [1] - The company projects quarterly revenue of $580.37 million, down from $609.75 million a year earlier [1] Recent Sales Growth - In the fourth quarter, G-III Apparel reported a sales growth of 9.8% year-on-year, reaching $839.535 million, which exceeded the analyst consensus estimate of $807.590 million [2] Stock Performance - G-III Apparel shares experienced a decline of 2.6%, closing at $27.67 [2] Analyst Ratings - Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $30 for June 2, 2025, with an accuracy rate of 61% [5] - Guggenheim analyst Robert Drbul maintained a Buy rating and raised the price target from $36 to $38 on December 11, 2024, with an accuracy rate of 60% [5]