Abercrombie and Fitch (ANF) Reports Earnings Tomorrow: What To Expect

Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) will be announcing earnings results tomorrow before market hours. Here's what investors should know.

Abercrombie and Fitch beat analysts' revenue expectations by 1.5% last quarter, reporting revenues of $1.45 billion, up 21.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' revenue and earnings estimates.

Is Abercrombie and Fitch a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Abercrombie and Fitch's revenue to grow 15.4% year on year to $965 million, improving from the 2.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.72 per share.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 5 upward revisions over the last 30 days. Abercrombie and Fitch has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 3.4% on average.

Looking at Abercrombie and Fitch's peers in the apparel and footwear retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Urban Outfitters delivered year-on-year revenue growth of 7.8%, beating analysts' expectations by 1.8%, and Shoe Carnival reported revenues up 6.8%, topping estimates by 2%. Urban Outfitters traded down 4.5% following the results while Shoe Carnival was up 7.9%.

Read our full analysis of Urban Outfitters's results here and Shoe Carnival's results here.

There has been positive sentiment among investors in the apparel and footwear retail segment, with share prices up 6.7% on average over the last month. Abercrombie and Fitch is up 20.3% during the same time and is heading into earnings with an average analyst price target of $144.7 (compared to the current share price of $150.79).

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