G-III Apparel Group Earnings: Here’s Why Investors are Happy Now
G-III Apparel Group, Ltd. (NASDAQ:GIII) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.68%.
G-III Apparel Group, Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 64% to $0.41 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 27.5% to $375.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: G-III Apparel Group, Ltd. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.40. It beat the average revenue estimate of $360.21 million.
Quoting Management: Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “We are pleased to have finished our year with a good fourth quarter and, more importantly, to be well positioned for the current year. We continue to see strength in many areas of our business, including sportswear, dresses, suits, team sports and handbags, as well as our Wilsons Leather stores. We are presently executing on our long-term Vilebrequin strategic plan. We have made significant investments in this business and will continue to do so over the next several years. I am extremely confident in Vilebrequin’s prospects.”
Key Stats (on next page)…
Revenue decreased 30.95% from $543.51 million in the previous quarter. EPS decreased 82.7% from $2.37 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.02 and has not changed. For the current year, the average estimate has moved down from a profit of $2.93 to a profit of $2.92 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)