Guess (NYSE: GES) is set to release its latest quarterly earnings report on Wednesday, March 20, 2024. Investors are eagerly awaiting this announcement to see how the company has performed and what guidance they provide for the future.
Analysts are estimating that Guess will report an earnings per share (EPS) of $1.56. This figure will be closely watched by investors, as it will indicate how well the company is performing financially. Guess bulls will be hoping to hear that the company not only beats this estimate but also provides positive guidance for the next quarter, indicating potential growth.
It’s important for new investors to understand that it’s not just the earnings beat or miss that can impact a stock’s price. The guidance provided by the company for future performance can also have a significant effect on how the market reacts.
Looking back at Guess’s historical earnings performance, last quarter the company missed EPS by $0.13, leading to a 12.27% drop in the share price the following day. This highlights the importance of meeting or exceeding analyst expectations.
In terms of stock performance, Guess shares were trading at $25.03 as of March 18. Over the past 52 weeks, shares have risen by 34.56%, indicating positive returns for long-term shareholders. This suggests that investors are optimistic about the company’s prospects leading into this earnings release.
For more information on Guess’s earnings releases, investors can visit the company’s earnings calendar on financial news site Benzinga. This article was generated by Benzinga’s automated content engine and reviewed by an editor, providing investors with valuable insights into what to expect from Guess’s upcoming earnings report.
