A Preview Of G-III Apparel Group's Earnings
Portfolio Pulse from Benzinga Insights
G-III Apparel Group (NASDAQ:GIII) is expected to release its quarterly earnings report on Tuesday, 2023-12-05, with analysts estimating an EPS of $2.06. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, G-III's stock price has shown mixed reactions to past earnings performances, with drops following both earnings beats and misses. The stock has seen a 115.98% increase over the last 52 weeks, trading at $29.17 as of December 01.
December 04, 2023 | 3:01 pm
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G-III Apparel Group is anticipated to report quarterly earnings with an EPS estimate of $2.06. Positive guidance will be key for investors, and past performance shows the stock may react negatively even with an earnings beat.
The short-term impact on GIII's stock price is uncertain. While an earnings beat could be positive, historical data shows that the stock has previously dropped after earnings reports, regardless of beating estimates. The key factor influencing the stock will likely be the forward guidance provided by the company. Given the stock's strong performance over the past year, investor expectations may be high, which could lead to volatility around the earnings release.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100