Guess Inc (GES) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Wednesday, August 24, 2021 5:05 PM

Guess Inc (GES) announced its quarterly results on Wednesday. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.03. The company’s quarterly revenue was up 17.3% on a year-over-year basis.

On a related note, analysts at Jefferies raised their price target on shares of Guess Inc to $62.00 in a research note to investors on Tuesday, July 12nd.

Shares of Guess Inc (GES) traded down 0.48% during mid-day trading on Wednesday, hitting $33.29. Guess Inc (GES) has a 52 week low of $30.21 and a 52 week high of $51.53. The stock's 50-day moving average is $37.44 and its 200-day moving average is $40.90. The company has a market cap of $3.082 billion and a price-to-earnings ratio of 11.04.

Guess?, Inc. (GUESS?) designs, markets, distributes and licenses lifestyle collections of contemporary apparel and accessories for men, women and children. The Company’s apparel is marketed under numerous trademarks including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, GUESS? and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and Gc. The lines include full collections of denim and cotton clothing, including jeans, pants, overalls, skirts, dresses, shorts, blouses, shirts, jackets and knitwear. It also grants licenses to manufacture and distributes a range of products that complement its apparel lines, including eyewear, watches, handbags, footwear, kids' and infants' apparel, leather apparel, swimwear, fragrance, jewelry, intimate apparel and other fashion accessories. The Company operates in four segments: retail, European, wholesale and licensing.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.