Bearish Options Activity in Guess? (GES) Targets 'Increased Downside Potential' in Shares -Susquehanna
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Go back to Bearish Options Activity in Guess? (GES) Targets 'Increased Downside Potential' in Shares -Susquehanna
June 10, 2020 10:54 AM EDT
CFRA downgraded Guess (NYSE: GES) from Hold to Sell with a price target of $6.00 (from $9.00).
For an analyst ratings summary and ratings history on Guess click here. For more ratings news on Guess click here.
Shares of Guess closed at $12.76 yesterday.
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June 10, 2020 9:31 AM EDT
Today's Pre-Open Stock Movers:
Lakeland Industries (NASDAQ: LAKE) 48% HIGHER; reported Q1 EPS of $1.08, versus ($0.06) reported last year. Revenue for the quarter came in at $45.6 million, versus $24.7 million reported last year.
Taubman Centers, Inc. (NYSE: TCO) 35% LOWER; Simon... More
June 10, 2020 7:31 AM EDT
Guess? (NYSE: GES) reported Q1 EPS of ($1.81), $0.93 worse than the analyst estimate of ($0.88). Revenue for the quarter came in at $260 million versus the consensus estimate of $312.09 million.
Preserved Liquidity and Reduced Cost Structure to Mitigate the Impact of the COVID-19 CrisisQ1 Fiscal 2021 Revenues Decreased 52% to $260 Million; Decreased 50% in Constant Currency Driven by COVID-19 Related Store ClosuresQ1 Fiscal 2021 GAAP Loss per Share of $2.40, Compared to $0.27 in Q1 Fiscal 2020; Q1 Fiscal 2021 Adjusted Loss per Share of $1.81, Compared to $0.25 in Q1 Fiscal 2020
Carlos Alberini, Chief Executive Officer, commented, The... More
