Fashion conglomerate G-III (NASDAQ:GIII) will be announcing earnings results tomorrow morning. Here’s what you need to know.
G-III missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $1.09 billion, up 1.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but full-year revenue guidance missing analysts’ expectations.
Is G-III a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting G-III’s revenue to grow 5.5% year on year to $807.1 million, a reversal from the 10.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.97 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at G-III’s peers in the apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. VF Corp delivered year-on-year revenue growth of 1.9%, beating analysts’ expectations by 1.2%, and Under Armour reported a revenue decline of 5.7%, topping estimates by 4.5%. VF Corp traded up 1.4% following the results while Under Armour was down 11.7%.
Read our full analysis of VF Corp’s results here and Under Armour’s results here.
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