Investor Alert & Price Target Update on Abercrombie & Fitch Company (NYSE:ANF), Zions Bancorporation (NASDAQ:ZION)

June 27, 2017

Wall Street sell-side research analysts covering Abercrombie & Fitch Company (NYSE:ANF) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $12.785 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $18 while the most conservative estimate stand at $9.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Abercrombie & Fitch Company. They give the company shares an ABR of 3.69. This is based on the 14 analysts taken into consideration by Zacks.

Earnings Estimates for Abercrombie & Fitch Company (NYSE:ANF)

Currently, Wall Street is projecting that the firm will post $-0.34 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2017-04-30, Abercrombie & Fitch Company's EPS was reported as $-0.72. This created a “surprise factor” 0% due to being $0 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2017-08-29, the date when Abercrombie & Fitch Company (NYSE:ANF) are expected to release their quarterly results.

According to data provided by Zacks Research, Zions Bancorporation (NASDAQ:ZION) has a consensus target price of $45.214 on the stock. Out of the polled analysts providing targets, the high is currently $50, while the low is resting at $37. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting Zions Bancorporation (NASDAQ:ZION) to post a current quarter EPS of $0.61. This consensus number is compiled by Zacks Research. For the period ending on 2017-03-31, the company reported EPS for the quarter of $0.61. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was 12.96%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-07-25.
In terms of analyst ratings, Zions Bancorporation (NASDAQ:ZION) has a current ABR of 2.11. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

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