Guess (GES) Shares Skyrocket, What You Need To Know
Stock Story
Published Mar 21, 2024 12:32PM ET
Updated Mar 21, 2024 04:32PM ET
Guess (GES) Shares Skyrocket, What You Need To Know
What Happened: Shares of contemporary clothing brand Guess (NYSE:GES) jumped 23.1% in the morning session after the company reported fourth quarter results that blew past analysts' EPS expectations. Its revenue and operating margin also outperformed Wall Street's estimates.
On the other hand, its full-year earnings guidance fell short of Wall Street's estimates, but we note its revenue outlook was strong.
During the earnings release, the company declared a special dividend of $2.25 per share and a quarterly dividend of $0.30 per share.
Zooming out, we think this was still a good quarter, showing that the company is staying on track.
Is now the time to buy Guess? Find out by reading the original article on StockStory.
What is the market telling us: Guess's shares are somewhat volatile and over the last year have had 6 moves greater than 5%. But moves this big are very rare even for Guess and that is indicating to us that this news had a significant impact on the market's perception of the business.
Guess is up 32.6% since the beginning of the year. Investors who bought $1,000 worth of Guess's shares 5 years ago would now be looking at an investment worth $1,642.
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Written By: Stock Story
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