Analysts Estimate Report : What to Look Out for G-III Apparel Group (NASDAQ:GIII)

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Earnings results for G-III Apparel Group (NASDAQ:GIII)

G-III Apparel Group, LTD. is expected* to report earnings on 09/09/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.76. The reported EPS for the same quarter last year was $0.23.

G-III Apparel Group last announced its earnings results on June 4th, 2020. The textile maker reported ($0.75) EPS for the quarter, missing the consensus estimate of ($0.67) by $0.08. The firm earned $405.13 million during the quarter, compared to the consensus estimate of $407.84 million. Its revenue was down 36.1% on a year-over-year basis. G-III Apparel Group has generated $3.19 earnings per share over the last year and currently has a price-to-earnings ratio of 6.4. G-III Apparel Group has confirmed that its next quarterly earnings report will be published on Wednesday, September 9th, 2020.

Analyst Opinion on G-III Apparel Group (NASDAQ:GIII)

11 Wall Street analysts have issued ratings and price targets for G-III Apparel Group in the last 12 months. Their average twelve-month price target is $17.20, predicting that the stock has a possible upside of 41.33%. The high price target for GIII is $25.00 and the low price target for GIII is $8.00. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

G-III Apparel Group has received a consensus rating of Hold. The company’s average rating score is 2.27, and is based on 4 buy ratings, 6 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $17.20, G-III Apparel Group has a forecasted upside of 41.3% from its current price of $12.17. G-III Apparel Group has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: G-III Apparel Group (NASDAQ:GIII)

G-III Apparel Group does not currently pay a dividend. G-III Apparel Group does not have a long track record of dividend growth.

Insiders buying/selling: G-III Apparel Group (NASDAQ:GIII)

In the past three months, G-III Apparel Group insiders have not sold or bought any company stock. Only 9.50% of the stock of G-III Apparel Group is held by insiders. 96.80% of the stock of G-III Apparel Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of G-III Apparel Group (NASDAQ:GIII

Earnings for G-III Apparel Group are expected to grow by 3,300.00% in the coming year, from $0.07 to $2.38 per share. The P/E ratio of G-III Apparel Group is 6.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.38. The P/E ratio of G-III Apparel Group is 6.41, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 54.23. G-III Apparel Group has a PEG Ratio of 19.10. PEG Ratios above 1 indicate that a company could be overvalued. G-III Apparel Group has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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