G-III Apparel Group Ltd reports results for the quarter ended April 30 - Earnings Summary

• G-III Apparel Group Ltd GIII.OQ reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of four analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 8 cents to 15 cents per share.

• Revenue fell 4.3% to $583.61 million from a year ago; analysts expected $580.37 million.

• G-III Apparel Group Ltd's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $7.76 million.

• G-III Apparel Group Ltd shares had risen by 1.2% this quarter and lost 15.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 37.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "hold"

• Wall Street's median 12-month price target for G-III Apparel Group Ltd is $29.50

This summary was machine generated from LSEG data June 6 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)