Earnings and Growth Analysis : G-III Apparel Group (NASDAQ:GIII)

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

G-III Apparel Group, LTD. is expected* to report earnings on 06/07/2021 before market open. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.14. The reported EPS for the same quarter last year was $-0.75.

G-III Apparel Group last posted its earnings data on March 17th, 2021. The textile maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $526.20 million for the quarter, compared to the consensus estimate of $534.38 million. Its quarterly revenue was down 30.3% on a year-over-year basis. G-III Apparel Group has generated $0.72 earnings per share over the last year and currently has a price-to-earnings ratio of 68.3. G-III Apparel Group has confirmed that its next quarterly earnings report will be published on Monday, June 7th, 2021.

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

7 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 $29.29, predicting that the stock has a possible downside of 6.85%. The high price target for GIII is $38.00 and the low price target for GIII is $17.00. There are currently 1 sell rating, 4 hold ratings and 2 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 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $29.29, G-III Apparel Group has a forecasted downside of 6.9% from its current price of $31.44. G-III Apparel Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,474,239.00 in company stock. Only 9.60% of the stock of G-III Apparel Group is held by insiders. 94.50% 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 19.66% in the coming year, from $2.34 to $2.80 per share. The P/E ratio of G-III Apparel Group is 68.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 30.04. The P/E ratio of G-III Apparel Group is 68.35, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 40.33. G-III Apparel Group has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued. G-III Apparel Group has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

More latest stories: here