CHICAGO Abercrombie & Fitch A & F, November 30, 2012/PRNewswire /-Zacks.com announces the list of actions presented in the analyst’s website. Any business day Zacks Equity survey analysts discuss the latest news and an impact on shares, the financial markets. Just stocks recently identified in the site include Genesco Inc. (NYSE: GCO), Foot Locker (NYSE: FL), Abercrombie & Fitch (NYSE: ANF), American Eagle Outfitters (NYSE: AEO) and the finish line (Nasdaq: final).
Here are the highlights from Thursday analyst Weblog:
Optimistic expectations for Genesco
We expect the operator of Genesco Inc. clothing store (NYSE: GCO) to beat expectations when it announces its results for the third quarter of 2013 on 30 November.
The company has a long history of surprises, exceeding the Zacks Consensus estimate by a solid double-digit percentage in each of the four previous quarters.
The end on average of four quarters was 40.4%, which was greatly helped by the surprise of 85.2% reported last quarter. This has been possible because Genesco has done a good job of spending control. Strong sales of same-store travel and Schuh also helped segments. The “back to school” season was delayed, which should be positive for the October quarter.
Estimate revisions have been minimal, whereas, in the course of the last 30 days, although we see some adjustments. As a result, the Zacks Consensus estimate for the October quarter has a little upwards a penny to 34 cents. There is no change from the budget estimates for 2013 and 2014.
Our vision positively the lack of movement estimates downward, particularly during playback with the Zacks (Surprise expected forecast) ESP, that is. 75% for the October quarter. A positive ESP indicates that the Zacks Consensus estimate is conservative and there is a good chance of an earnings beat.
In addition, most of his peers, such as Foot Locker (NYSE: FL), Abercrombie & Fitch (NYSE: ANF) and American Eagle Outfitters (NYSE: AEO), more recently have strong number, beating the Zacks Consensus of 16.7% rating, 47.5% and 5.1%, respectively. Finish line (Nasdaq: FINL), another clothing store operator has an ESP Zacks of 0.0%, which indicates that it is likely to report in line with expectations.
Genesco and finish line currently have a #3 Zacks rank (short-term neutral notation), compared with Abercrombie & Fitch and American Eagle Outfitters, which have a #2 Zacks rank (buy) and Foot Locker, which has the Zacks #1 side (Strong Buy).
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