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Ralph Lauren (RL) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Ralph Lauren (RL - Free Report) was down 5% at $353.55. The stock's performance was behind the S&P 500's daily loss of 0.38%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.13%.
The upscale clothing company's stock has dropped by 0.87% in the past month, falling short of the Consumer Discretionary sector's gain of 0.83% and the S&P 500's gain of 11.41%.
Investors will be eagerly watching for the performance of Ralph Lauren in its upcoming earnings disclosure. In that report, analysts expect Ralph Lauren to post earnings of $2.46 per share. This would mark year-over-year growth of 8.37%. At the same time, our most recent consensus estimate is projecting a revenue of $1.83 billion, reflecting a 7.81% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $16.25 per share and revenue of $7.96 billion, indicating changes of +31.79% and +12.45%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Ralph Lauren. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% downward. Ralph Lauren is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Ralph Lauren is holding a Forward P/E ratio of 20.66. This signifies a premium in comparison to the average Forward P/E of 17.52 for its industry.
It's also important to note that RL currently trades at a PEG ratio of 1.31. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Textile - Apparel industry stood at 2.02 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Ralph Lauren (RL) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Ralph Lauren (RL - Free Report) was down 5% at $353.55. The stock's performance was behind the S&P 500's daily loss of 0.38%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.13%.
The upscale clothing company's stock has dropped by 0.87% in the past month, falling short of the Consumer Discretionary sector's gain of 0.83% and the S&P 500's gain of 11.41%.
Investors will be eagerly watching for the performance of Ralph Lauren in its upcoming earnings disclosure. In that report, analysts expect Ralph Lauren to post earnings of $2.46 per share. This would mark year-over-year growth of 8.37%. At the same time, our most recent consensus estimate is projecting a revenue of $1.83 billion, reflecting a 7.81% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $16.25 per share and revenue of $7.96 billion, indicating changes of +31.79% and +12.45%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Ralph Lauren. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% downward. Ralph Lauren is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Ralph Lauren is holding a Forward P/E ratio of 20.66. This signifies a premium in comparison to the average Forward P/E of 17.52 for its industry.
It's also important to note that RL currently trades at a PEG ratio of 1.31. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Textile - Apparel industry stood at 2.02 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.