G-III Apparel Group (GIII) closed at $28.81 in the latest trading session, marking a -0.03% move from the previous day. The stock outperformed the S&P 500, which recorded a loss of 0.1% for the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.16%.
Coming into today, shares of the clothing and accessories maker have gained 12.8% in the past month. In that same time, the Consumer Discretionary sector gained 11.9%, while the S&P 500 gained 10.77%.
The investment community will be closely monitoring G-III Apparel Group’s performance in its next earnings report. The company is scheduled to release its earnings on December 5th, 2023. The company is expected to report EPS of $2.08, marking a 54.07% increase compared to the same quarter last year. At the same time, our latest consensus estimate expects the revenue to be $1.13 billion, showing a 4.85% escalation compared to the annual quarter.
Looking at the full year, the Zacks Consensus Estimates suggest that analysts expect earnings of $3.27 per share and revenue of $3.3 billion. These totals would mark changes of + 14.74% and + 2.35%, respectively, from last year.
Investors might also note recent changes to analyst ratings for G-III Apparel Group. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive rating reviews as a good sign for the company’s business outlook.
Empirical research indicates that these revisions in valuations have a direct correlation with short-term stock price performance. Investors can take advantage of this by using the Zacks Rank. This model takes these rating changes into account and provides a simple, reasonable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), maintains an admirable record of outperformance, independently verified, with #1 stocks contributing an average annual return of +25% since 1988. More than the last month, the Zacks Consensus EPS estimate remained stagnant. Currently, G-III Apparel Group carries a Zacks Rank of #3 (Hold).
Digging into valuation, G-III Apparel Group currently has a Forward P/E ratio of 8.83. For comparison, its industry average Forward P/E of 16.32 means that G-III Apparel Group is trading at a discount to the group.
The Textile – Apparel industry is part of the Consumer Discretionary sector. Currently, this industry has a Zacks Industry Rank of 177, placing it in the bottom 30% of more than 250 industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to trust Zacks.com to look at all of these stock impacts, and more, in the following trading sessions.
Zacks Names “Single Best Pick to Double Up”
Out of thousands of stocks, 5 Zacks experts each picked their favorite to explode +100% or more in coming months. Of those 5, Director of Research Sheraz Mian handpicks one to have the most explosive advantage of all.
It is credited with a “watershed medical breakthrough” and is developing a vibrant pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs and blood. This is a timely investment that you can catch as it comes out of its bear market lows.
It could rival or surpass other recent Stocks that have Doubled like Boston Beer Company, which has increased +143.0% in just over 9 months and NVIDIA, which has exploded +175.9% in one year.
Free: See Our Best Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
G-III Apparel Group, LTD. (GIII) : Free Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.