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What to watch for in Abercrombie & Fitch earnings

Abercrombie & Fitch’s namesake brand is repositioning for an older customer

Abercrombie & Fitch Co. is scheduled to announce second-quarter earnings on Tuesday before the market open.

The retailer, whose brands include its namesake stores, Hollister and Abercrombie Kids, is reporting after American Eagle Outfitters Inc. AEO, +0.43% and Urban Outfitters Inc. URBN, -0.13% , two other companies in the usually troubled teen space that have done well.

But analysts are not expecting Abercrombie & Fitch to follow suit as it wrestles with a new strategy.

See also: Urban Outfitters says selling its own unique line of products is paying off

Abercrombie & Fitch ANF, +1.44% shares have an average hold rating with a $23.03 price target, according to FactSet, nearly 2% higher than Friday’s close of $22.62.

Here’s what to expect:

Earnings: Analysts surveyed by FactSet expect Abercrombie & Fitch to report a loss of 20 cents per share compared with earnings per share of 12 cents for the same period last year.

Estimize, a software platform that gathers estimates from buy-side analysts, hedge-fund managers, academics and others, is expecting a loss per share of 22 cents.

Revenue: Analysts polled by FactSet expect sales of $782.6 million, down from $817.8 million last year.

Estimize analysts expect sales of $787.1 million.

Share price: Abercrombie & Fitch shares are up 20.6% for the last year, but down 14.3% for the year to date. The S&P 500...


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