Guess' Inc. GES was a big mover last session, as the company saw its shares rise roughly 7% on the day. The move came on the company’s announcement of better-than-expected results for third-quarter 2015 on Nov 24. This led to solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 4.6% since Nov 2, 2015.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Wednesday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Guess currently has a Zacks Rank #3 (Hold).
A better-ranked textile stock is Hanesbrands Inc. HBI, holding a Zacks Rank #2 (Buy).
Is GES going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment