Erste Group Bank Weighs in on Fast Retailing FY2027 Earnings

Fast Retailing Co., Ltd. (OTCMKTS:FRCOYFree Report) – Erste Group Bank boosted their FY2027 EPS estimates for shares of Fast Retailing in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $1.22 per share for the year, up from their prior forecast of $1.18.

Fast Retailing (OTCMKTS:FRCOYGet Free Report) last announced its quarterly earnings data on Thursday, July 9th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6 billion.

FRCOY has been the topic of a number of other research reports. Zacks Research cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein began coverage on shares of Fast Retailing in a report on Tuesday, May 26th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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Fast Retailing Stock Down 0.7%

Shares of Fast Retailing stock opened at $42.80 on Friday. Fast Retailing has a 52-week low of $29.25 and a 52-week high of $55.65. The company has a 50-day simple moving average of $48.02 and a two-hundred day simple moving average of $46.53.

About Fast Retailing

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Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.

Further Reading

Earnings History and Estimates for Fast Retailing (OTCMKTS:FRCOY)

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