Abercrombie & Fitch Co. is set to release its third-quarter fiscal 2024 earnings on November 26, 2024, and investors are gearing up for what could be a significant report. Wall Street anticipates the company’s earnings per share (EPS) to be $2.37, with projected revenues totaling approximately $1.18 billion.

The Zacks Consensus Estimate forecasts revenues of $1.2 billion, marking an 11.8% increase from the previous year. The consensus EPS stands at $2.32, reflecting a 26.8% rise from last year’s $1.83 per share. Such estimates underscore a growing confidence in the brand.

Over the prior four quarters, Abercrombie has consistently delivered an average earnings surprise of 28%, indicating a strong potential for another earnings beat. Recent strong demand for its products and improved profit margins have fueled this positive outlook.

Financial metrics provide further insight into the company’s performance. Abercrombie holds a price-to-earnings (P/E) ratio of 15.53, revealing how the market values its earnings. Investors demonstrate a willingness to pay $1.66 per dollar of sales, as evidenced by the company’s price-to-sales ratio.

Moreover, Abercrombie’s low debt-to-equity ratio of 0.17 highlights prudent debt usage. The current ratio of 1.44 indicates a healthy capability to cover short-term liabilities with short-term assets. These metrics signal Abercrombie’s robust financial health as it approaches the earnings release.

In summary, Abercrombie & Fitch Co. is primed for its earnings report, showcasing positive projections and a strong track record of performance. Investors remain optimistic regarding the brand’s future as companies navigate the retail landscape.