Citi: Guess? 4Q Preview

In a research report published today by Citi, Guess? Inc.

is set to report 4Q earnings after close on Wednesday, March 14. Citi commented in the report, “We are at $1.03 for the quarter versus guidance of $1.03 to $1.09 and consensus at $1.05. Guidance included expectations for weaker Euro vs LY. The Euro did weaken a bit post guidance though the exchange rate has been largely flat across the quarter when compared to last year, implying little impact to 4Q earnings.” Citi maintains its Neutral rating and $31 PT on Guess? which is currently trading at $35.19.