Shares of Abercrombie & Fitch Co. (NYSE: ANF) soared 5.17% in pre-market trading on Tuesday, as investors eagerly await the company's third-quarter earnings report. The New Albany, Ohio-based retailer is scheduled to release its financial results before the opening bell, setting the stage for what could be a pivotal day for the stock.

Analysts are expecting Abercrombie & Fitch to report quarterly earnings of $2.16 per share, which would represent a decrease from $2.50 per share in the same period last year. However, the consensus estimate for quarterly revenue stands at $1.28 billion, marking a potential increase from the $1.21 billion reported a year ago. This projected revenue growth may be fueling investor optimism and contributing to the pre-market rally.

The pre-market surge comes despite a 6.1% decline in Abercrombie & Fitch's stock price during the previous trading session, suggesting that market participants are resetting their expectations ahead of the earnings announcement. Investors will be closely watching for any signs of improved performance or positive guidance that could justify the current upward momentum. As the retail sector continues to navigate challenges, Abercrombie & Fitch's results could provide valuable insights into consumer spending trends and the company's strategic positioning in the competitive apparel market.