Abercrombie Income Statement Research
ANF Stock | USD 121.36 0.61 0.50% |
Abercrombie |
Most accounts from Abercrombie Fitch's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Abercrombie Fitch current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Abercrombie Fitch Valuation and Abercrombie Fitch Correlation analysis. For more detail on how to invest in Abercrombie Stock please use our How to Invest in Abercrombie Fitch guide.At this time, Abercrombie Fitch's Operating Income is most likely to increase significantly in the upcoming years. The Abercrombie Fitch's current EBIT is estimated to increase to about 502.7 M, while Total Revenue is projected to decrease to roughly 3.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.3B | 2.1B | 2.6B | 1.9B | Total Revenue | 3.7B | 3.7B | 4.3B | 3.1B |
Abercrombie Fitch income statement Correlations
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Abercrombie Fitch Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abercrombie Fitch income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 7.7M | 28.3M | 34.1M | 25.6M | 372K | 353.4K | |
Total Revenue | 3.6B | 3.1B | 3.7B | 3.7B | 4.3B | 3.1B | |
Gross Profit | 2.2B | 1.9B | 2.3B | 2.1B | 2.6B | 1.9B | |
Operating Income | (65.3M) | (113.8M) | 211.1M | (25.6M) | 478.8M | 502.7M | |
Ebit | (65.3M) | (113.8M) | 211.1M | (25.6M) | 478.8M | 502.7M | |
Ebitda | 108.3M | 52.5M | 355.2M | 106.7M | 619.8M | 650.8M | |
Cost Of Revenue | 1.5B | 1.2B | 1.4B | 1.6B | 1.7B | 1.3B | |
Income Before Tax | 62.3M | (48.7M) | 309.0M | 67.0M | 484.3M | 508.5M | |
Net Income | 39.4M | (109.0M) | 263.0M | 10.4M | 328.1M | 344.5M | |
Income Tax Expense | 17.4M | 60.2M | 38.9M | 56.6M | 148.9M | 156.3M | |
Tax Provision | 17.4M | 60.2M | 38.9M | 56.6M | 65.1M | 35.8M | |
Interest Income | 7.7M | 28.3M | 34.1M | 25.6M | 29.5M | 22.4M | |
Minority Interest | (5.6M) | (5.1M) | (7.1M) | (7.6M) | (6.8M) | (7.2M) | |
Net Interest Income | (7.7M) | (28.3M) | (34.1M) | (25.6M) | (23.1M) | (24.2M) |
Pair Trading with Abercrombie Fitch
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Abercrombie Fitch position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Abercrombie Fitch will appreciate offsetting losses from the drop in the long position's value.Moving together with Abercrombie Stock
0.66 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
Moving against Abercrombie Stock
0.9 | LL | LL Flooring Holdings | PairCorr |
0.88 | BQ | Boqii Holding Limited | PairCorr |
0.79 | DLTH | Duluth Holdings Financial Report 6th of June 2024 | PairCorr |
0.77 | BGI | Birks Group | PairCorr |
0.59 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Abercrombie Fitch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abercrombie Fitch when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abercrombie Fitch - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abercrombie Fitch to buy it.
The correlation of Abercrombie Fitch is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abercrombie Fitch moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abercrombie Fitch moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Abercrombie Fitch can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Abercrombie Fitch Valuation and Abercrombie Fitch Correlation analysis. For more detail on how to invest in Abercrombie Stock please use our How to Invest in Abercrombie Fitch guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Abercrombie Fitch's price analysis, check to measure Abercrombie Fitch's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abercrombie Fitch is operating at the current time. Most of Abercrombie Fitch's value examination focuses on studying past and present price action to predict the probability of Abercrombie Fitch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abercrombie Fitch's price. Additionally, you may evaluate how the addition of Abercrombie Fitch to your portfolios can decrease your overall portfolio volatility.
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Is Abercrombie Fitch's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Abercrombie Fitch. If investors know Abercrombie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Abercrombie Fitch listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.994 | Earnings Share 6.22 | Revenue Per Share 85.188 | Quarterly Revenue Growth 0.211 | Return On Assets 0.1075 |
The market value of Abercrombie Fitch is measured differently than its book value, which is the value of Abercrombie that is recorded on the company's balance sheet. Investors also form their own opinion of Abercrombie Fitch's value that differs from its market value or its book value, called intrinsic value, which is Abercrombie Fitch's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abercrombie Fitch's market value can be influenced by many factors that don't directly affect Abercrombie Fitch's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abercrombie Fitch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abercrombie Fitch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abercrombie Fitch's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.