Guess? Sees Q3 EPS $0.55-$0.64 Vs $0.71 Est.; FY24 EPS $2.88-$3.08 Vs $2.78 Est.
Portfolio Pulse from Happy Mohamed
Guess? Inc. has released its Q3 and FY24 outlook. The company expects Q3 EPS to be between $0.55 and $0.64, lower than the estimated $0.71. However, FY24 EPS is expected to be between $2.88 and $3.08, higher than the estimated $2.78. Consolidated net revenue is expected to increase between 2.5% and 4.5% in Q3, and between 2.5% and 4.0% for FY24. GAAP operating margin is expected to be between 7.5% and 8.3% in Q3, and between 8.9% and 9.3% for FY24.
August 23, 2023 | 8:19 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Guess? Inc. has released its Q3 and FY24 outlook. The company expects Q3 EPS to be lower than estimated, but FY24 EPS to be higher than estimated. This mixed outlook may lead to uncertainty among investors.
The company's Q3 EPS is expected to be lower than estimated, which could negatively impact the stock price in the short term. However, the higher than expected FY24 EPS could offset this negative impact. The net effect on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100