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Abercrombie & Fitch (ANF) and PVH Corp. (PVH) will report their Q2 results this week. Abercrombie will release its results before the market opens on August 27, expecting a 5% sales increase to $1.19 billion but a 9% decline in earnings per share (EPS) to $2.27. Meanwhile, PVH will report after the market closes on August 26, with anticipated sales of $2.1 billion (up 1%) and an EPS drop of over 34% to $1.97.
Both companies are seeing significant stock trading behavior, with shares of ANF and PVH down more than 25% from their 52-week highs, despite recent rebounds of over 25% in the last two months. They both maintain attractive valuations, trading under 10 times forward earnings and receiving an “A” grade for Value in the Zacks Style Scores.
Abercrombie has surpassed sales expectations for 11 consecutive quarters, while PVH has exceeded EPS estimates for 17 straight quarters. Both companies are currently rated as “Hold” under Zacks Rank #3, indicating potential rebound targets.
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