G-III Apparel Group, LTD. (NASDAQ:GIII) is set to announce second quarter earning results on Wednesday 9th September 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GIII to report 2Q21 loss of $ 0.77 per share from revenue of $ 327.39 million.
For the full year, analysts anticipate top line of $ 2174.17 million, while looking forward to income of $ 0.24 per share bottom line.
Previous Quarter Performance
G-III Apparel Group, LTD. unveiled loss for the first quarter of $ 0.75 per share, from the revenue of $ 405.13 million. The consensus estimates are loss of $ 0.51 per share from $ 468.39 million in revenue. The bottom line results missed street analysts by $ 0.24 or 47.06 percent, at the same time, top line results fell short of analysts by $ 63.26 million or 13.51 percent.
Stock Performance
Shares of G-III Apparel Group, LTD. traded up $ 0.18 or 1.50 percent on Tuesday, reaching $ 12.17 with volume of 1.28 million shares. G-III Apparel Group, LTD. has traded high as $ 12.61 and has cracked $ 11.60 on the downward trend
According to the previous trading day, closing price of $ 12.17, representing a 305.07 % increase from the 52 week low of $ 2.96 and a 65.17 % decrease over the 52 week high of $ 34.42.
The company has a market capital of $ 584.80 million and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 6th August 2020, downgraded by Barclays to Underweight from Equal-Weight rating.
Conference Call
G-III Apparel Group, LTD. will be hosting a conference call at 8:30 AM eastern time on 9th September 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.giii.com
G-III Apparel Group, Ltd. designs, sources, and markets womens and mens apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations.
