Erste Group Bank Comments on Fast Retailing FY2027 Earnings

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) – Investment analysts at Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for shares of Fast Retailing in a report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects 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 issued its quarterly earnings data on Thursday, July 9th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6 billion.

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

Fast Retailing Trading Up 1.4%

Fast Retailing stock opened at $48.97 on Friday. Fast Retailing has a one year low of $29.25 and a one year high of $55.65. The stock has a fifty day moving average of $49.86 and a 200 day moving average of $44.59.

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.