S&P 500
7,633.20
+0.31%
Dow Jones
53,893.00
+1.14%
Nasdaq 100
29,106.20
+0.99%
Russell 2000
2,995.41
+0.37%
FTSE 100
10,904.40
+0.20%
Nikkei 225
64,309.90
+1.28%

Retail

Guess?… Jonesing on Weak Earnings (GES)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
If you have never heard that investing into apparel companies is effectively a bit like investing in a new company three times a year, look no further than the reminder in shares of Guess?, Inc. (NYSE: GES) this Thursday.  The apparel maker reported earnings which were in line with estimates, but it sees a weak first quarter ahead.

The company is now calling for a first-quarter profit in a range of $0.25 to $0.28 per share and revenues were put around $575 million. Analysts are looking for $0.50 EPS and $610.35 million in revenues.  For all of 2013, Guess sees earnings of $2.50 to $2.65 per share against estimates of $3.18 per share.

Shares were down 12% initially after the earnings guidance last night and that level seems to be holding this morning with a pre-market drop on Thursday of 11.4% to $36.70.  Guess has a 52-week trading range of $25.99 to $45.73.

JON C. OGG

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

How a 52-Year-Old Can Turn $425,000 Into a Monthly Paycheck Machine by 62
Michael Williams |

How a 52-Year-Old Can Turn $425,000 Into a Monthly Paycheck Machine by 62
The Portfolio Blueprint for Building $50,000 a Month in Dividend Income
Michael Williams |

The Portfolio Blueprint for Building $50,000 a Month in Dividend Income

Continue Reading

Jon C. Ogg |

Next Week’s Top Earnings on Deck (DRYS, GES, FDX, LULU, LDK, NKE)

Earnings season is over for the most part.  Next week we will have a few key earnings from a few…

Jon C. Ogg |

Top Earnings Previews For Thursday (ARG, CTL, CVS, DMD, DTV, EP, KFT, PMI, PCLN, V)

Earnings season may have peaked but we still have some key sector moving stocks due to report earnings on Thursday…

Why Guess Is Thursday’s Biggest Winner
Chris Lange |

Why Guess Is Thursday’s Biggest Winner

After Guess released its fiscal fourth-quarter earnings report late on Wednesday, shares were up sharply on Thursday.

Douglas A. McIntyre |

Retail & Apparel Earnings Dominate Next Week (SKS, BJ, GYMB, ANN, DKS, FL, GPS, SHLD, PLCE, WTSLA, ZUMZ)

It seems that earnings season is winding down, but next week we have many of the key retail and apparel…

Douglas A. McIntyre |

Cult Stock Earnings Bonanza (DIVX, VCLK, CROX, HANS, LOCM, RNWK, RICK, TRLG, VG)

While most of the investment community goes out breaking down earnings for major stocks, there is a huge interest in…

Top 7 Earnings Previews for the Week Ahead
Chris Lange |

Top 7 Earnings Previews for the Week Ahead

24/7 Wall St. has put together a preview of Marvell Technology, Lululemon Athletica and other major companies reporting their quarterly…

JC Penney Results, Outlook Send Shares Plummeting
Paul Ausick |

JC Penney Results, Outlook Send Shares Plummeting

Struggling retailer J.C. Penney continues to disappoint investors. The store reported a wider than expected loss Thursday morning and cut…

Paul Ausick |

Lululemon Earnings Rollercoaster Sets a Lower Bar

Lululemon Athletica reported better-than-expected fourth-quarter and fiscal-year results before markets opened Thursday morning. It also offered soft guidance for the…

Jon C. Ogg |

Top Earnings Previews For The Week Ahead (FMCN, COCO, HNZ, TSL, WSM, AEO, AMAT, GES, TOL, ENER, KKD, OVTI, P)

Earnings season has mostly wound down as far as the big market movers but there are still many companies dribbling…

Top Gaining Stocks

Airbnb
ABNB • Vol: 15,913,532
Microchip Technology
MCHP • Vol: 19,139,274
Palantir
PLTR • Vol: 77,244,625
Moderna
MRNA • Vol: 6,820,582
Axon Enterprise
AXON • Vol: 1,591,869

Top Losing Stocks

Trade Desk
TTD • Vol: 133,458,224
Coterra Energy
CTRA • Vol: 73,319,495
Akamai
AKAM • Vol: 8,143,961
Zoetis
ZTS • Vol: 12,784,553
ResMed
RMD • Vol: 3,810,438