Seeking Alpha

The Street weighs in on Guess' blowout quarter

  • There's plenty of analyst chatter to wade through regarding shares of Guess (GES) following the company's Q2 top and bottom line beat.
  • Jefferies maintains a Hold rating noting the company's "conservative FY outlook." GES' full year guidance is for EPS of $1.78-1.92 on revenue of $2.56-2.59B versus consensus of $1.79/ share on $2.58B in sales. Analyst Randal Konik is awaiting "signs of sustainable improvement before becoming more positive on the name." Price target to $29 from $27.
  • Wedbush likewise thinks the shares are fairly valued.
  • Piper likes the Q2 results (what's not to like?) but is remaining on the sidelines.
  • Shares +15% premarket.
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