Core Viewpoint - Abercrombie & Fitch is expected to report quarterly earnings of $3.56 per share, reflecting a slight decline of 0.3% year-over-year, while revenues are forecasted to increase by 5.3% to $1.67 billion [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 0.6% over the past 30 days, indicating analysts have reassessed their projections [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue and Sales Projections - Analysts estimate 'Net sales by brand family - Hollister' to reach $880.23 million, an increase of 8.4% from the previous year [5] - The estimate for 'Net sales by brand family - Abercrombie' is projected at $787.46 million, reflecting a 1.9% increase year-over-year [5] Store Metrics - The estimated total number of stores at the end of the period is 829, up from 789 a year ago [5] Comparable Store Sales - The average prediction for 'Comparable store sales - Total - YoY change' is 3.2%, down from 14.0% reported in the same quarter last year [6] - Analysts forecast 'Comparable store sales - Abercrombie - YoY change' at -0.9%, compared to 5.0% in the prior year [6] - For 'Comparable store sales - Hollister - YoY change', the estimate is 7.3%, significantly lower than the 24.0% from the previous year [7] Stock Performance - Over the past month, Abercrombie shares have gained 5.4%, contrasting with a -0.5% change in the Zacks S&P 500 composite [7] - Based on its Zacks Rank 3 (Hold), Abercrombie is expected to perform in line with the overall market in the upcoming period [7]
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