G-III Apparel Group Q1 EPS $0.13 May Not Be Comparable To $(0.10) Estimate, Sales $606.59M Beat $557.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel Group reported Q1 earnings of $0.13 per share, beating the analyst consensus estimate of $(0.10) by 230%. Quarterly sales were $606.59M, surpassing the estimate of $557.82M by 8.74%. However, this represents an 11.93% decrease in sales compared to the same period last year.
June 06, 2023 | 11:02 am
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G-III Apparel Group's Q1 earnings beat estimates with $0.13 EPS and $606.59M in sales, but sales are down 11.93% YoY.
G-III Apparel Group's Q1 earnings beat analyst estimates, which is a positive signal for the stock. However, the decrease in sales compared to the same period last year may cause some concern among investors. Overall, the positive earnings beat is likely to have a short-term positive impact on the stock price, but the decrease in sales may limit the upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100