Erste Group Bank Forecasts Fast Retailing FY2027 Earnings

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) – Stock analysts at Erste Group Bank upped their FY2027 EPS estimates for Fast Retailing in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the company will earn $1.14 per share for the year, up from their previous forecast of $1.12.

Fast Retailing (OTCMKTS:FRCOY) last released its earnings results on Thursday, July 9th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6 billion.

Several other equities research analysts have also commented on FRCOY. Zacks Research lowered shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein started coverage on Fast Retailing in a report on Tuesday, May 26th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Fast Retailing Stock Down 0.3%

Shares of FRCOY stock opened at $48.30 on Friday. The business’s fifty day moving average price is $49.85 and its 200 day moving average price is $44.56. Fast Retailing has a 1-year low of $29.25 and a 1-year high of $55.65.

About Fast Retailing

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.