Abercrombie & Fitch Company (NYSE:ANF) is reporting second quarter financial results on Thursday 27th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, ANF is expected to report 2Q20 loss of $ 0.83 per share from revenue of $ 658.44 million.
For the full year, analysts anticipate top line of $ 3081.62 million, while looking forward to loss of $ 2.88 per share bottom line.
The Company Outlook
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 posted loss for the first quarter of $ 3.29 per share, from the revenue of $ 485.36 million. According to street consensus, ANF was expected to report 1Q20 loss of $ 1.26 per share from revenue of $ 536.99 million. The bottom line results missed street analysts by $ 2.03 or 161.11 percent, at the same time, top line results fell short of analysts by $ 51.63 million or 9.61 percent.
Stock Performance
Shares of Abercrombie & Fitch Company traded up $ 0.29 or 2.68 percent on Wednesday, reaching $ 11.13 with volume of 5.02 million shares. Abercrombie & Fitch Company has traded high as $ 11.57 and has cracked $ 10.96 on the downward trend
The closing price of $ 11.13, representing a 46.09 % increase from the 52 week low of $ 7.42 and a 42.43 % decrease over the 52 week high of $ 18.83.
The company has a market capital of $ 694.24 million and is part of the Services sector and Apparel Stores industry.
Recent Analyst recommendations
- On 12th August 2020, initiated by UBS Group at Neutral rating, with $ 10.00 target price.
Conference Call
Abercrombie & Fitch Company will be hosting a conference call at 8:30 AM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-800-458-4121 Toll Free or 1-323-794-2093 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/5f8hq5fa
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.
