Why G-III Apparel Group (GIII) Could Be Positioned for a Surge

Shutterstock photo

G-III Apparel Group, Ltd.GIII is a designer, maker and marketer of an extensive range of apparel that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GIII's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that G-III Apparel Group could be a solid choice for investors.

Current Quarter Estimates for GIII

In the past 30 days, four estimates have gone higher for G-III Apparel Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 10 cents a share 30 days ago, to earnings of 3 cents today, a significant move.

Current Year Estimates for GIII

Meanwhile, G-III Apparel Group's current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.04 per share 30 days ago to $2.35 per share today, an increase of 15.2%.

G-III Apparel Group, LTD. Price and Consensus

G-III Apparel Group, LTD. Price and Consensus | G-III Apparel Group, LTD. Quote

Bottom Line

The stock has also started to move higher lately, adding 20.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see  the complete list of today's Zacks #1 Rank stocks here .

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: GIII

More from Zacks.com




Equity Research

Research Brokers before you trade

Want to trade FX?