G-III Apparel makes clothing for the whole family under several well-known brands. Recognizable names include Tommy Hilfiger, Levi’s, Dockers, Calvin Klein and several others. Since G-III Apparel was featured back in late July, the full-year Zacks Consensus Estimates have spiked. Forecasts for this year are up 37 cents, to $2.70, which is a 55% increase over fiscal 2010’s $1.74.Projections for fiscal 2012 jumped 40 cents, to $3.09, which is good enough for a 15% growth rate.
The huge increases came on the heels of the September 1 earnings surprise. Earnings per share came in at 15 cents, which was miles ahead of the 2 cent loss analysts were expecting.
Sales surged 39% to $189 million, up from $136 million a year ago. In addition to the fantastic results, the company also raised its full-year guidance. Analyst estimates are coming in at the high end of the range.
Trading at a Discount
One share of GIII will run you just 11 times forward estimates and if you factor in the growth you have an even better value, with a PEG of only 0.6.Special Offer: Get yields of 8% to 15% in fixed-income securities, including bank convertibles, Canadian trusts and preferred stock. Click here for instant access to Forbes/Lehmann Income Securities Investor.
Bill Wilton is the aggressive growth stock strategist for Zacks.com. He is also the editor in charge of the market-beating Zacks Small Cap Trader service
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