Market Overview

G-III Apparel Group's Earnings Outlook

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G-III Apparel Group (NASDAQ: GIII) announces its next round of earnings this Wednesday, September 09. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.

Earnings and Revenue

Analysts are expecting G-III Apparel Group to report a loss of $0.77 per share. Revenue will likely be around $327.39 million, according to the consensus estimate. G-III Apparel Group reported a per-share profit of $0.23 when it published results during the same quarter last year. Sales in that period totaled $643.89 million. The analyst consensus estimate would represent a 434.78% decrease in the company's earnings per share. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.51 0.67 1.94 0.22
EPS Actual -0.75 0.75 1.99 0.23
Revenue Estimate 466.87 M 787.09 M 1.17 B 656.57 M
Revenue Actual 405.13 M 754.62 M 1.13 B 643.89 M

Stock Performance

Over the last 52-week period, shares are down 55.7%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. G-III Apparel Group is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/usa369m4

 

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