Filed under: Earnings reports, Forecasts, Gap Inc (GPS), Abercrombie and Fitch (ANF), Nordstrom, Inc (JWN)

Abercrombie & Fitch Co. (NYSE: ANF), Gap Inc. (NYSE: GPS), and Nordstrom Inc. (NYSE: JWN) are scheduled to report earnings next week, offering a chance to see how these apparel retailers have been doing in the lead-up to the holiday season.

Abercrombie hasn’t fallen short of Wall Street’s earnings expectations since Q2 2006. When it reported second quarter 2008 results back in August, earnings were 88 cents per share, beating the consensus estimate of analysts surveyed by Thomson Financial by a penny, as well as the actual 72 cents per share in the same period a year ago. For the third quarter, analysts expect $1.28 per share, up from $1.11 in the same period a year ago.

Abercrombie’s 13.6% earnings per share growth forecast for the next year is better than the S&P 500, and much better than the apparel retail industry average of -0.5%. The analysts’ consensus recommendation has been to buy Abercrombie for at least six months, but about half of those analysts rate it a hold. The share price reached a 10-year high of $85.77 earlier this month, before sliding to close Friday at $75.01.

For news about Abercrombie and other retailers that could influence the earnings results, check out BloggingStocks’ Abercrombie & Fitch coverage.

Continue reading Earnings previews: Abercrombie (ANF), Gap (GPS), Nordstrom (JWN)

Permalink | Email this | Comments

Share This

This entry was posted on Sunday, November 18th, 2007 at 4:24 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.