Coach Inc. , the designer handbag maker, came out with first-quarter fiscal 2017 results, wherein adjusted earnings of 45 cents surpassed the Zacks Consensus Estimate by a penny and also increased 9.8% year over year. For fiscal 2017, the company continues to expect double-digit growth in both net income and earnings.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable over the past 30 days. Moreover, Coach’s performance in the trailing four quarters gives a positive picture. The company has posted positive earnings surprises in all the four quarters.
In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 7.4%.
Revenues: Coach generated net sales of $1,037.6 million that missed the Zacks Consensus Estimate of $1,065 million but increased 0.7% year over year. The company expects revenues for fiscal 2017 to rise by low-to-mid single digits.
Zacks Rank: Currently, Coach carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock Movement: Coach’s shares are down 0.2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Coach’s earnings report!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Coach Inc. , the designer handbag maker, came out with first-quarter fiscal 2017 results, wherein adjusted earnings of 45 cents surpassed the Zacks Consensus Estimate by a penny and also increased 9.8% year over year. For fiscal 2017, the company continues to expect double-digit growth in both net income and earnings.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable over the past 30 days. Moreover, Coach’s performance in the trailing four quarters gives a positive picture. The company has posted positive earnings surprises in all the four quarters.
In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 7.4%.
Revenues: Coach generated net sales of $1,037.6 million that missed the Zacks Consensus Estimate of $1,065 million but increased 0.7% year over year. The company expects revenues for fiscal 2017 to rise by low-to-mid single digits.
Zacks Rank: Currently, Coach carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock Movement: Coach’s shares are down 0.2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Coach’s earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>