These Analysts Boost Their Forecasts On Guess? After Upbeat Results

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Guess?, Inc. (NYSE: GES) reported better-than-expected fourth-quarter financial results and declared a special dividend of $2.25 per share.

Guess? reported quarterly earnings of $2.01 per share which beat the analyst consensus estimate of $1.56 by 28.85%. Quarterly sales clocked in at $891.05 million, beating the analyst consensus estimate of $855.54 million, according to data from Benzinga Pro.

Guess? expects first-quarter revenue to increase between 1% and 2% and sees an adjusted loss of between 41 cents and 37 cents per share, versus the estimated loss of 2 cents per share.

The company sees fiscal year 2025 revenue to increase between 11.5% and 13.5% and expects earnings of between $2.56 and $3.00 per share, versus the $2.92 per share estimate.

“Looking forward, we are excited about our plans for the new fiscal year. We believe we are at an inflection point, and we expect to exceed $3 billion in revenues for the first time in our Company’s history with a solid growth plan for our core business, the integration of rag & bone into our portfolio and the launch of Guess Jeans to capture the demand from Generation Z consumers,” said Carlos Alberini, CEO of Guess?.

Guess? shares gained 22.8% to trade at $31.87 on Thursday.

These analysts made changes to their price targets on Guess? following earnings announcement.

• Telsey Advisory Group raised the price target on Guess? from $23 to $30. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating.
• Small Cap Consumer Research boosted the price target on Guess? from $32.5 to $37. Small Cap Consumer Research analyst Eric Beder maintained a Buy rating.

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