Guess Inc Up 19.19% To $30.93 After Earnings Beat

March 21, 2024 | by magnews24.com

Guess Inc (GES) said after close Wednesday that it earned $2.01 per share in quarter four 2024. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $891.1 million, beating estimates by $35.5 million.

In the same quarter a year ago, the company earned $1.74 per share on revenue of $817.8 million.

The stock is up 19.19% to $30.93 after the report.

Guess Inc’s earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Guess Inc a Bullish Sentiment Rank from InvestorsObserver.

Guess Inc has performed a little above average during the past few months. Before the report, Guess Inc received a Long-Term Technical Rank by InvestorsObserver of 74, putting it in the top half of stocks. The firm was recently trading at a 52-week high of $26.26 on March 20, 2024 and set a 52-week low on May 24, 2023 at $17.21.

Guess? Inc designs, markets distributes, and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano, and G by Guess. The company has five reportable segments namely Americas Retail, Americas Wholesale, Europe, Asia, and licensing. It generates maximum revenue from the Europe segment.

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