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Countdown to Tapestry (TPR) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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The upcoming report from Tapestry (TPR - Free Report) is expected to reveal quarterly earnings of $0.67 per share, indicating a decline of 14.1% compared to the year-ago period. Analysts forecast revenues of $1.5 billion, representing a decrease of 0.8% year over year.
The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Tapestry metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Coach' to come in at $1.14 billion. The estimate points to a change of -0.1% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Stuart Weitzman' should come in at $65.79 million. The estimate points to a change of -3.7% from the year-ago quarter.
The consensus estimate for 'Net Sales- Kate Spade' stands at $292.24 million. The estimate points to a change of -1.7% from the year-ago quarter.
Analysts predict that the 'Operating income (loss)- Coach' will reach $330.98 million. The estimate is in contrast to the year-ago figure of $342.20 million.
The combined assessment of analysts suggests that 'Operating income (loss)- Kate Spade' will likely reach $11.51 million. Compared to the present estimate, the company reported $8 million in the same quarter last year.
Over the past month, shares of Tapestry have returned -8.6% versus the Zacks S&P 500 composite's -1.6% change. Currently, TPR carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Countdown to Tapestry (TPR) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from Tapestry (TPR - Free Report) is expected to reveal quarterly earnings of $0.67 per share, indicating a decline of 14.1% compared to the year-ago period. Analysts forecast revenues of $1.5 billion, representing a decrease of 0.8% year over year.
The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Tapestry metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Coach' to come in at $1.14 billion. The estimate points to a change of -0.1% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Stuart Weitzman' should come in at $65.79 million. The estimate points to a change of -3.7% from the year-ago quarter.
The consensus estimate for 'Net Sales- Kate Spade' stands at $292.24 million. The estimate points to a change of -1.7% from the year-ago quarter.
Analysts predict that the 'Operating income (loss)- Coach' will reach $330.98 million. The estimate is in contrast to the year-ago figure of $342.20 million.
The combined assessment of analysts suggests that 'Operating income (loss)- Kate Spade' will likely reach $11.51 million. Compared to the present estimate, the company reported $8 million in the same quarter last year.
View all Key Company Metrics for Tapestry here>>>
Over the past month, shares of Tapestry have returned -8.6% versus the Zacks S&P 500 composite's -1.6% change. Currently, TPR carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>