Guess stock down 40% in 2024, revised guidance anticipates revenue growth and adjusted EPS
From Nasdaq: 2025-01-03 00:23:48
Guess Stock (NYSE: GES) has seen a 40% decline year-to-date, closing at $14 on December 30, in contrast to Gap’s 13% appreciation. Guess reported mixed regional performance in Q3, with margin pressure in Europe and reduced earnings. Guess revised full-year guidance, anticipating 7-8% revenue growth and adjusted EPS of $1.85-$2.00.
Despite a 13% increase in sales to $739 million in Q3, Guess’ stock has underperformed with a 31% drop in adjusted earnings. However, its High Quality portfolio has outperformed the S&P 500 with over 91% returns. Guess forecasts $3 billion in revenues for FY’25, leading to a revised valuation of $18 per share.
Comparing returns, Guess stock saw -15% in December 2024 and a -40% year-to-date return, while the S&P 500 returned -1% and 25% respectively. The Trefis Reinforced Value Portfolio had a -3% return in December and 19% year-to-date, outperforming with a total return of 707% from 2017-2024.
Read more at Nasdaq: Guess Stock Down 40% in 2024. What’s Next?
