G-III Apparel Likely To Post Sharp Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
G-III Apparel Group, Ltd. (NASDAQ:GIII) is expected to report a sharp decline in its Q2 2024 earnings, with analysts predicting earnings of 1 cent per share, down from 39 cents per share in the previous year. The company's revenue is also expected to decrease to $592.32 million from $605.24 million. G-III Apparel shares fell 0.5% to close at $19.30 on Wednesday. Several analysts have recently adjusted their price targets for the company.
September 07, 2023 | 6:01 am
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G-III Apparel is expected to report a significant drop in Q2 2024 earnings and revenue. The company's stock price fell 0.5% recently, and analysts have adjusted their price targets.
The expected sharp decline in G-III Apparel's earnings and revenue is likely to negatively impact the company's stock price in the short term. The recent 0.5% drop in the stock price and the adjustments in analysts' price targets also indicate potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100