**Abercrombie & Fitch Company (ANF)** has recently faced a -20.4% decline in share value over the past month, contrasting starkly with the Zacks S&P 500 composite’s -0.4% change. The company, part of the Retail – Apparel and Shoes industry, reported a fiscal 2023 earnings estimate of **$9.35**, marking a **48.9%** increase from the previous year.
In its latest quarter, Abercrombie achieved revenues of **$1.02 billion**, a **22.1%** year-over-year increase, exceeding consensus estimates by **7.19%**. Analysts project the upcoming quarter’s sales will reach **$1.08 billion**, reflecting an anticipated **15.7%** year-over-year growth. The company’s earnings per share (EPS) is anticipated at **$2.11**, signaling a significant increase of **91.8%** compared to the same quarter last year.
Abercrombie holds a **Zacks Rank #1 (Strong Buy)**, indicating strong potential for outperformance in the near term based on favorable earnings estimate revisions.
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