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Abercrombie & Fitch Co. (NYSE: ANF) is scheduled to release its fiscal second-quarter financial results before the markets open on Tuesday. Most of the major retailers have already reported their earnings, with somewhat mixed results — either very positive or very negative. However, no real direction has been set yet for this industry.

The consensus estimates from Thomson Reuters are calling for a net loss of $0.20 per share on $782.1 million in revenue from Abercrombie. The same period from last year reportedly had $0.12 in earnings per share (EPS) and $817.76 million in revenue.

According to the analysts, retro fashions was one of the biggest trends for spring 2016, and it has been interpreted for nearly every demographic, ranging from teens to young adults. Add in the fact that demand for the retailer’s offerings has improved, with the company’s Hollister brand reporting positive comparable sales, and the overall turnaround potential is huge.

Abercrombie has slowly but surely started to rebuild what once was a very dominant brand, and the company has been utilizing its huge user following on Facebook to help drive traffic and product awareness.

While this company does have significant European exposure (nearly 25% of sales), some analysts believe the turn at Abercrombie hinges largely on improvement in the United States, which some say is well underway and is more a function of the company’s own initiatives than the macro environment.

A few analysts weighed in on the company ahead of the earnings report:

• Credit Suisse reiterated a Sell rating with an $18 price target.
• Mizuho has a Neutral rating with a $19 price target.
• Jefferies reiterated a Buy rating.
• Deutsche Bank reiterated a Hold rating with a $20 price target.
• BMO Capital Markets reiterated a Market Perform rating.
• Argus reiterated a Hold rating.
• Stephens has an Equal Weight rating.
• Cowen reiterated a Hold rating with a $22 price target.
• FBR reiterated a Hold rating.
• Citigroup reiterated Hold rating.

So far in 2016, Abercrombie has underperformed the broad markets, with the stock down nearly 15%. However, over the past 52 weeks the stock is actually up 24%.

Shares of Abercrombie & Fitch were trading near $22.62 in Monday’s premarket, with a consensus analyst price target of $23.03 and a 52-week trading range of $16.49 to $32.83.