Stock Buy: Guess, Inc.
Guess, Inc. (NYSE:GES) reported better-than-expected results for the fourth quarter, and analysts raised their estimates for fiscal 2011 and 2012.
Guess Inc. designs, markets, distributes and licenses contemporary apparel, denim, handbags, watches, footwear and other related consumer products.
The Zacks Rank #2 stock has a dividend yield of 1.4%.
Guess reported fourth-quarter results on March 17. The company had revenue of $642 million, up 14.4% over the year-ago quarter. Guess earned $0.96 per share, easily topping the Zacks Consensus Estimate by 15 cents, or 18.5%.
In the last five quarters, Guess has beaten the Zacks Consensus by an average of 30.3%.
In the last month, the Zacks Consensus Estimate for fiscal 2011 is up 10 cents, or 3.5%, while the Zacks Consensus for fiscal 2012 is up 15 cents, or 4.5%.
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