What To Expect From G-III’s (GIII) Q3 Earnings

Fashion conglomerate G-III (NASDAQ:GIII) will be reporting earnings tomorrow before market hours. Here’s what investors should know.

G-III missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $644.8 million, down 2.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is G-III a buy or sell going into earnings? Read our full analysis here, it’s free .

This quarter, analysts are expecting G-III’s revenue to grow 2.9% year on year to $1.10 billion, a reversal from the 1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.28 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. G-III has missed Wall Street’s revenue estimates four times over the last two years.

Looking at G-III’s peers in the apparel and accessories segment, some have already reported their Q3 results, giving us a hint as to what we can expect. VF Corp’s revenues decreased 5.6% year on year, beating analysts’ expectations by 1.6%, and Hanesbrands reported a revenue decline of 2.5%, in line with consensus estimates. VF Corp traded up 27% following the results while Hanesbrands was also up 12.5%.

Read our full analysis of VF Corp’s results here and Hanesbrands’s results here .

There has been positive sentiment among investors in the apparel and accessories segment, with share prices up 3.2% on average over the last month. G-III is up 1.2% during the same time and is heading into earnings with an average analyst price target of $33 (compared to the current share price of $31.49).

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