How To Earn $500 A Month From Guess? Stock Following Q3 Earnings Report
Portfolio Pulse from Lisa Levin
Guess?, Inc. (NYSE:GES) reported lower-than-expected earnings for Q3, with earnings of 49 cents per share compared to the consensus estimate of 62 cents, and sales of $651.2 million versus the expected $656.03 million. The company also reduced its full-year 2024 outlook, projecting revenue growth between 1.8% and 2.4% and adjusted EPS between $2.67 and $2.74. Despite this, Guess offers a high annual dividend yield of 5.06%, equating to a quarterly dividend of 30 cents per share. The article explains how an investment of approximately $118,600, or around 5,000 shares, is needed to earn $500 per month from dividends. Guess shares dropped 1.7% to close at $23.72 on Tuesday following the earnings report.
November 22, 2023 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Guess? Inc. reported lower-than-expected Q3 earnings and reduced its full-year 2024 outlook, but still offers a high dividend yield. The stock price fell 1.7% after the earnings announcement.
The negative earnings report and lowered outlook are likely to impact investor sentiment negatively in the short term, leading to a potential decrease in stock price. However, the high dividend yield may provide some support to the stock price as it attracts income-focused investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100