Earnings Outlook For G-III Apparel Group

G-III Apparel Group GIII is set to give its latest quarterly earnings report on Thursday, 2023-03-16. Here's what investors need to know before the announcement.

Analysts estimate that G-III Apparel Group will report an earnings per share (EPS) of $0.45.

G-III Apparel Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.46, which was followed by a 44.66% drop in the share price the next day.

Here's a look at G-III Apparel Group's past performance and the resulting price change:

Stock Performance

Shares of G-III Apparel Group were trading at $15.33 as of March 14. Over the last 52-week period, shares are down 49.93%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all earnings releases for G-III Apparel Group visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.