Leigh Drogen

About the Author Leigh Drogen

Leigh Drogen is the Founder and CEO of Estimize. Estimize is an open financial estimates platform which facilitates the aggregation of fundamental estimates from independent, buy-side, and sell-side analysts, along with those of industry experts, private investors and students. By sourcing estimates from a diverse community of individuals, Estimize provides both a more accurate and more representative view of expectations compared to sell side only data. Leigh started his career as a quant trader at Geller Capital, a White Plains, NY based fund where he ran strategies that looked at earnings acceleration and analyst estimate revision models, as well as price momentum and several sentiment indicators. Leigh later went on to be the founder of Surfview Capital, a New York based asset management firm that used many of the same strategies as Geller Capital, with a focus on higher beta names on an intermediate term time frame. His educational background includes focus in economics and international relations, specifically war theory. He is a graduate with honors from Hunter College in New York City. You can contact Leigh by emailing him at Leigh@estimize.com

Can Abercrombie Manage To Eke Out A Beat On Wednesday?

Before opening bell on Wednesday, Abercrombie & Fitch (NYSE:ANF) will report results for the fourth quarter. The Estimize community is calling for EPS of $1.16, two cents higher than the Wall Street consensus, suggesting a YoY decline of 13%. Revenues estimates of $1.17B are in line with Wall Street, expected to fall 10% from the year-ago quarter.


The darling of all teen retailers has been struggling for some time now, with sales declining for the last 7 quarters as teens move away from preppy logo-ed gear in favor of fast-fashion retailers such as H&M and Zara. Abercrombie’s international business has also been a sore spot – one that investors were hoping they could turn around. However, after 10 consecutive quarters of negative international same-store sales, many banks have lost their patience and recently downgraded the retailer, in part due to slowing global trends and currency headwinds.

And it’s not just the business itself, but Abercrombie’s public image has somewhat been tainted by senseless comments from former CEO Michael Jeffries, as well as its employee discrimination cases, one that is unfolding right now in the Supreme Court. On Wednesday morning, investors will be looking for news that a new CEO has been appointed; they will surely have their work cut out for them.

Abercrombie isn’t the only teen retailer suffering; American Eagle (NYSE:AEO) and Aeropostale (NYSE:ARO), which both report next week, have been in the red for several quarters. Many will blame the decline of the American mall, where most of these stores are located. Malls are getting less and less foot traffic, and the stores located there are increasingly isolated from consumers.

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