Guess? (NYSE:GES) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Guess? (NYSE:GES) announced its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), Briefing.com reports. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year.

Guess? Trading Down 3.7 %

Shares of NYSE:GES opened at $17.37 on Wednesday. The stock has a market capitalization of $893.17 million, a price-to-earnings ratio of 7.00 and a beta of 1.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The stock’s 50-day simple moving average is $18.32 and its two-hundred day simple moving average is $20.77. Guess? has a 52-week low of $16.05 and a 52-week high of $33.50.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GES. Telsey Advisory Group reduced their price objective on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, August 29th. UBS Group reduced their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.25.

Guess? Company Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.