Abercrombie & Fitch Co (ANF) Stock

Abercrombie & Fitch (NYSE: ANF), a specialty retailer selling casual clothing and footwear, fell around 5% on Tuesday, 26th November, as compared to a 0.6% increase in the S&P 500 index. In comparison, ANF's peer American Eagle Outfitters (NYSE: AEO) has seen its stock down 4% to around $18 on the same day.

ANF's Q3 results reflect gains from substantial growth across regions and brands. Optimism for the holiday season prompts an upward revision of its FY24 outlook.

The mean of analysts' price targets for Abercrombie (ANF) points to a 26.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

A recent Goldman Sachs survey suggests consumers will likely spend more on holiday shopping this year compared to 2023. But not all retailers are built the same.

Abercrombie & Fitch Co. (NYSE:ANF ) Q3 2024 Results Conference Call November 26, 2024 8:30 AM ET Company Participants Mohit Gupta - Investor Relations Fran Horowitz - Chief Executive Officer Scott Lipesky - Chief Operating Officer Robert Ball - Upcoming Chief Financial Officer Conference Call Participants Dana Telsey - Telsey Advisory Group Corey Tarlowe - Jefferies Matthew Boss - JPMorgan Paul Lejuez - Citi Marni Shapiro - The Retail Tracker Katy Delahunt - Morgan Stanley Mauricio Serna - UBS Rick Patel - Raymond James Janet Kloppenburg - JJK Research Associates Dylan Carden - William Blair Operator Good day, and thank you for standing by. Welcome to the Abercrombie & Fitch Third Quarter Fiscal Year 2024 Earnings Call.

Pre-market futures are mixed, with the Dow and the small-cap Russell 2000 -- both coming off record closing highs yesterday -- trading lower.

While the top- and bottom-line numbers for Abercrombie (ANF) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Abercrombie & Fitch (ANF) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $1.83 per share a year ago.

Abercrombie & Fitch raised its full-year guidance and said it is expecting a strong holiday shopping season. The apparel company, which also runs Hollister, had struck a cautious tone earlier this year, but now expects to end its fiscal year on a high note.