Abercrombie & Fitch Company (NYSE:ANF) specialty retailer of casual apparel, is expected to report third quarter earnings results, before market open, on Tuesday 24th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.04 per share from revenue of $ 732.26 million.
Looking ahead, the full year loss are expected at $ 1.91 per share on the revenues of $ 3007.36 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 690.78 million ~ $ 733.95 million
Full Year 2020 topline are forecasted in a range of$ 3,623.00 million ~ $ 3,696.00 million
Click Here For More Historical Outlooks Of Abercrombie & Fitch Company
Previous Quarter Performance
Abercrombie & Fitch Company communicated income for the second quarter of $ 0.23 per share, from the revenue of $ 698.33 million. According to street consensus, ANF was expected to report 2Q20 loss of $ 0.83 per share from revenue of $ 658.44 million. The bottom line results beat street analysts by $ 1.06 or 127.71 percent, at the same time, top line results outshined analysts by $ 39.89 million or 6.06 percent.
Stock Performance
Shares of Abercrombie & Fitch Company traded up $ 1.80 or 8.62 percent on Monday, reaching $ 22.69 with volume of 5.34 million shares. Abercrombie & Fitch Company has traded high as $ 22.77 and has cracked $ 21.09 on the downward trend
According to the previous trading day, closing price of $ 22.69, representing a 181.54 % increase from the 52 week low of $ 7.42 and a 8.26 % decrease over the 52 week high of $ 22.77.
The company has a market capital of $ 1.42 billion and is part of the Services sector and Apparel Stores industry.
Conference Call
Abercrombie & Fitch Company will be hosting a conference call at 8:30 AM eastern time on 24th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-800-458-4121 U.S. or 1-888-203-1112 Toll Number, with passcode : 7344326 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.abercrombie.com
Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
