Movement Alert｜Abercrombie & Fitch Intraday Rise 5.38% in Regular Trading, Investors Revisit Strong Q2 Results and Upcoming Q3 Earnings Date

Market Focus11-04 23:20

On November 4, Abercrombie & Fitch rose 5.38% in Regular Trading, trading at $167.25 per share, with turnover of $19.69 million.

The latest publicly available company-specific update is that Abercrombie & Fitch said it will report third-quarter results on November 24, while market attention has also returned to the company’s strong second-quarter performance and raised outlook.

In its most recent quarterly release on August 26, Abercrombie & Fitch reported fiscal second-quarter net sales of about $1.27 billion, up 4.8% year over year, and adjusted EPS of $4.17, well above the $1.99 consensus. The company also lifted full-year EPS guidance to $13.10 to $13.60 from $10.20 to $11.00 and guided third-quarter EPS to $2.90 to $3.20 versus a $2.84 market estimate. More recently, BMO Capital initiated coverage with an Outperform rating and a $170 price target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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