Why Abercrombie & Fitch (ANF) Dipped More Than Broader Market Today

Group 1 - Abercrombie & Fitch's stock closed at $95.89, reflecting a -2.82% change from the previous day, underperforming compared to the S&P 500's loss of 0.37% [1] - Over the last month, Abercrombie & Fitch's shares increased by 9.82%, outperforming the Retail-Wholesale sector's gain of 2.03% and the S&P 500's gain of 2.68% [1] Group 2 - The upcoming earnings disclosure is anticipated, with projected earnings per share (EPS) of $2.26, indicating a 9.6% decrease from the same quarter last year, while revenue is expected to be $1.18 billion, reflecting a 4.45% growth [2] - For the full year, analysts expect earnings of $10.2 per share and revenue of $5.19 billion, representing changes of -4.58% and +4.83% from the previous year, respectively [3] Group 3 - Recent changes to analyst estimates for Abercrombie & Fitch suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system indicates that estimate changes correlate with near-term stock prices, with Abercrombie & Fitch currently holding a Zacks Rank of 3 (Hold) [5][6] Group 4 - Abercrombie & Fitch is currently trading at a Forward P/E ratio of 9.67, which is a discount compared to the industry average Forward P/E of 17.87 [7] - The Retail - Apparel and Shoes industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 206, placing it in the bottom 17% of over 250 industries [7][8]