Telsey Advisory Group Equities Analysts Cut Earnings Estimates for Guess’, Inc. (NYSE:GES)

Guess’, Inc. (NYSE:GESGet Rating) – Analysts at Telsey Advisory Group dropped their FY2023 earnings estimates for Guess’ in a report released on Wednesday, November 23rd. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $2.35 per share for the year, down from their prior forecast of $2.65. The consensus estimate for Guess”s current full-year earnings is $2.63 per share. Telsey Advisory Group also issued estimates for Guess”s Q4 2023 earnings at $1.32 EPS, Q1 2024 earnings at $0.52 EPS, Q2 2024 earnings at $0.65 EPS, Q3 2024 earnings at $0.73 EPS and Q4 2024 earnings at $1.33 EPS.

GES has been the topic of several other research reports. TheStreet lowered shares of Guess’ from a “b-” rating to a “c” rating in a research report on Tuesday. StockNews.com initiated coverage on shares of Guess’ in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Guess’ Stock Up 1.2 %

GES stock opened at $19.98 on Thursday. The firm has a market cap of $1.09 billion, a PE ratio of 10.80 and a beta of 1.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.74 and a current ratio of 1.45. The firm’s fifty day moving average is $16.64 and its 200 day moving average is $18.04. Guess’ has a one year low of $14.27 and a one year high of $25.27.

Guess’ (NYSE:GESGet Rating) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.11). The firm had revenue of $633.40 million for the quarter, compared to analyst estimates of $614.00 million. Guess’ had a net margin of 4.58% and a return on equity of 27.12%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 EPS.

Hedge Funds Weigh In On Guess’

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Guess’ by 4.2% in the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after buying an additional 184,983 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Guess’ by 55.2% in the second quarter. Victory Capital Management Inc. now owns 490,837 shares of the company’s stock worth $8,369,000 after buying an additional 174,477 shares in the last quarter. LSV Asset Management lifted its stake in shares of Guess’ by 109.8% in the third quarter. LSV Asset Management now owns 311,800 shares of the company’s stock worth $4,574,000 after buying an additional 163,200 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Guess’ in the second quarter worth about $2,082,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Guess’ in the first quarter worth about $2,593,000. 57.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Guess’

In other Guess’ news, Director Anthony Chidoni sold 10,000 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $16.60, for a total transaction of $166,000.00. Following the transaction, the director now directly owns 199,552 shares of the company’s stock, valued at $3,312,563.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 41.00% of the company’s stock.

About Guess’

(Get Rating)

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.

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Earnings History and Estimates for Guess' (NYSE:GES)

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