These Analysts Boost Their Forecasts On Guess? After Upbeat Results
Portfolio Pulse from Avi Kapoor
Guess?, Inc. (NYSE:GES) reported Q4 earnings of $2.01 per share, surpassing the consensus estimate of $1.56, with sales of $891.05 million beating estimates of $855.54 million. The company declared a special dividend of $2.25 per share, expects Q1 revenue to grow 1-2%, and forecasts FY2025 revenue to increase 11.5-13.5% with earnings of $2.56-$3.00 per share. CEO Carlos Alberini highlighted plans for growth, including exceeding $3 billion in revenues. Shares surged 22.8% to $31.87. Telsey Advisory Group and Small Cap Consumer Research raised their price targets on Guess?.
March 21, 2024 | 6:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Guess? reported strong Q4 results, declared a special dividend, and saw a significant share price increase. Analysts raised price targets following the earnings announcement.
The positive earnings report, coupled with the declaration of a special dividend and optimistic future revenue projections, significantly boosts investor confidence in Guess?. The share price increase and raised price targets by analysts further affirm the positive outlook, suggesting a likely short-term upward trend in GES stock.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100