Coach Inc. , the designer handbag maker, came out with third-quarter fiscal 2017 results, wherein adjusted earnings of 46 cents surpassed the Zacks Consensus Estimate of 44 cents, alongside increasing 5% 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 7 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 6.2%.
Revenues: Coach generated net sales of $995.2 million that missed the Zacks Consensus Estimate of $1,018 million, and declined 4% year over year.
Taking into account the foreign currency headwinds, the company continues to expects revenues for fiscal 2017 to increase in low-single-digits. This includes an anticipated 50 basis points adverse impact from currency woes for fiscal 2017.
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 (Strong Buy) stocks here.
Check back later for our full write up on Coach’s earnings report!
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Coach (COH) Beats on Q3 Earnings, Revenues Miss Estimates
Coach Inc. , the designer handbag maker, came out with third-quarter fiscal 2017 results, wherein adjusted earnings of 46 cents surpassed the Zacks Consensus Estimate of 44 cents, alongside increasing 5% 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 7 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 6.2%.
Coach, Inc. Price, Consensus and EPS Surprise
Coach, Inc. Price, Consensus and EPS Surprise | Coach, Inc. Quote
Revenues: Coach generated net sales of $995.2 million that missed the Zacks Consensus Estimate of $1,018 million, and declined 4% year over year.
Taking into account the foreign currency headwinds, the company continues to expects revenues for fiscal 2017 to increase in low-single-digits. This includes an anticipated 50 basis points adverse impact from currency woes for fiscal 2017.
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 (Strong Buy) stocks here.
Check back later for our full write up on Coach’s earnings report!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>