Why Guess?, Inc. Stock Fell Wednesday
Shares of apparel retailer Guess? (NYSE: GES) fell as much as 14.9% on Wednesday, following the company's earnings release for its third quarter of fiscal year 2018. The stock is down 13.4% at the time of this writing.
The likely reason for pessimism toward the stock is the company's weaker-than-expected revenue for the quarter, as well as management's decision to lower the high end of its guidance range for revenue growth.
Image source: Getty Images.
Source: Fool.com
Guess Inc. Stock
€19.50
0.510%
Currently there is a rather positive sentiment for Guess Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 34 € shows a very positive potential of 74.36% compared to the current price of 19.5 € for Guess Inc..
