Earnings To Watch: Abercrombie and Fitch (ANF) Reports Q2 Results Tomorrow

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ANF Cover Image

Young adult apparel retailer Abercrombie & Fitch (NYSE: ANF) will be reporting results this Wednesday before the bell. Here’s what to look for.

Abercrombie and Fitch missed analysts’ revenue expectations last quarter, reporting revenues of $1.11 billion, up 1.5% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year EPS guidance slightly missing analysts’ expectations.

Is Abercrombie and Fitch a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Abercrombie and Fitch’s revenue to grow 2.9% year on year, slowing from the 6.6% increase it recorded in the same quarter last year.

Abercrombie and Fitch Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Abercrombie and Fitch rarely misses Wall Street’s revenue estimates.

Looking at Abercrombie and Fitch’s peers in the apparel and footwear retail segment, only Boot Barn has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 17.7%. The stock traded up 2.3% on the results.

Read our full analysis of Boot Barn’s earnings results here.

Investors in the apparel and footwear retail segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Abercrombie and Fitch is up 12.7% during the same time and is heading into earnings with an average analyst price target of $122 (compared to the current share price of $112.00).

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