G-III Apparel Likely To Report Higher Q3 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 increased earnings for Q3 2024, with estimates at $2.05 per share compared to $1.35 per share in the previous year. Revenue is projected at $1.13 billion. The company previously reported a 9% year-on-year sales growth in Q2 FY24. Shares closed up 1.4% at $29.17 recently. Analysts from Barclays, Wells Fargo, Piper Sandler, and UBS have updated their price targets for GIII, maintaining ratings but increasing their targets.
December 04, 2023 | 4:03 pm
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G-III Apparel is anticipated to report higher Q3 earnings and has received increased price targets from analysts, which could positively influence its stock price.
The anticipation of higher Q3 earnings and recent sales growth, along with positive adjustments in price targets by analysts, suggest a bullish outlook for GIII in the short term. The stock's recent gain also reflects positive investor sentiment.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100