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G-III (GIII) Reports Earnings Tomorrow: What To Expect

GIII Cover Image

Fashion conglomerate G-III (NASDAQ: GIII) will be reporting earnings this Thursday morning. Here’s what to look for.

G-III beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $583.6 million, down 4.3% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but EPS guidance for next quarter missing analysts’ expectations significantly.

Is G-III a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting G-III’s revenue to decline 11.4% year on year to $571.1 million, a further deceleration from the 2.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.

G-III Total Revenue

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. G-III has missed Wall Street’s revenue estimates six times over the last two years.

Looking at G-III’s peers in the apparel and accessories segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Figs delivered year-on-year revenue growth of 5.8%, beating analysts’ expectations by 5.5%, and Kontoor Brands reported revenues up 8.5%, topping estimates by 3.7%. Figs traded down 5.3% following the results while Kontoor Brands was up 19.1%.

Read our full analysis of Figs’s results here and Kontoor Brands’s results here.

There has been positive sentiment among investors in the apparel and accessories segment, with share prices up 10.2% on average over the last month. G-III is up 11.5% during the same time and is heading into earnings with an average analyst price target of $25.25 (compared to the current share price of $27.03).

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