Forecast Of The Day: Guess European Business Revenues

-0.29%
Downside
20.35
Market
20.29
Trefis
GES: Guess? logo
GES
Guess?

What?

Guess (NYSE:GES) European Business Revenues rose from levels of around $1.14 billion in 2019 to around $1.25 billion in 2020. Trefis expects the metric to remain roughly flat in 2021 and rise to about $1.3 billion in 2022. Europe is the company’s largest and fastest-growing market.

Why?

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Growth is being driven by an increase in store count, higher shipments in the wholesale business, and rising comparable sales growth.

So What?

We think Guess stock is undervalued at current levels. We value the stock at about $29 per share, a premium of 33% over the current market price.

See Our Complete Analysis For Guess

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