G-III Apparel Group, LTD. (NASDAQ:GIII) is set to announce third quarter earning results on Tuesday 8th December 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GIII to report 3Q21 income of $ 0.77 per share.
For the full year, analysts anticipate top line of $ 2020.41 million, while looking forward to income of $ 0.12 per share bottom line.
Previous Quarter Performance
G-III Apparel Group, LTD. outlined loss for the second quarter of $ 0.01 per share, from the revenue of $ 297.21 million. The quarterly revenues down 53.84 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.77 per share from $ 327.39 million in revenue. The bottom line results beat street analysts by $ 0.76 or 98.70 percent, at the same time, top line results fell short of analysts by $ 30.18 million or 9.22 percent.
Stock Performance
Shares of G-III Apparel Group, LTD. traded low $ -0.50 or -2.04 percent on Monday, reaching $ 23.98 with volume of 1.35 million shares. G-III Apparel Group, LTD. has traded high as $ 24.41 and has cracked $ 23.38 on the downward trend
According to the previous trading day, closing price of $ 23.98, representing a 727.03 % increase from the 52 week low of $ 2.96 and a 28.88 % decrease over the 52 week high of $ 34.42.
The company has a market capital of $ 1.15 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 23rd November 2020, initiated by UBS Group at Neutral rating, with $ 22.00 target price.
Conference Call
G-III Apparel Group, LTD. will be hosting a conference call at 8:30 AM eastern time on 8th December 2020, to discuss its 3Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.giii.com
G-III Apparel Group, Ltd. designs, sources, and markets womens and mens apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations.
