Market augurs lower revenue for Guess Inc. in Q2

Both analysts and investors are closely following

Guess stock, as the jeans brand will release its second quarter results after the market closes on Wednesday, 22nd of August. Analysts are projecting revenue to come in 6.9 percent below the prior year quarter.

‘Wall Street Cheat Sheet´ Earnings Preview for Guess Inc. gathers the average estimate of analysts for profit of 50 cents per share, a decline of 40.5 percent from the company’s actual earnings for the same quarter a year ago.

Despite the humble estimates, shares are trading hot these days, with market remembering how Guess posted a major beat over Wall Street estimates last quarter and met expectations the period before.

The retailer posted a slight miss in Q4 though and estimates have pulled back slightly during the last 90 days, remarks the analysis team at Seeking Alpha.

During the past three months, the average estimate has moved down from 62 cents, with analysts projecting profit to rise by 17.2 percent versus last year to 2.60 dollars (Rs 144.7).