Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) will be reporting earnings tomorrow before market hours. Here’s what to expect.
Abercrombie and Fitch beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $1.21 billion, up 14.4% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ EPS estimates.
Is Abercrombie and Fitch a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Abercrombie and Fitch’s revenue to grow 7.8% year on year to $1.57 billion, slowing from the 21.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.54 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Abercrombie and Fitch has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Abercrombie and Fitch’s peers in the apparel and footwear retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Urban Outfitters delivered year-on-year revenue growth of 9.4%, meeting analysts’ expectations, and Boot Barn reported revenues up 16.9%, in line with consensus estimates. Urban Outfitters traded up 8.1% following the results while Boot Barn was down 7.9%.
Read our full analysis of Urban Outfitters’s results here and Boot Barn’s results here.
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