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Ralph Lauren (RL) Beats Stock Market Upswing: What Investors Need to Know
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Ralph Lauren (RL - Free Report) closed the most recent trading day at $413.01, moving +2.27% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 1.91%.
Coming into today, shares of the upscale clothing company had gained 22.66% in the past month. In that same time, the Consumer Discretionary sector gained 0.45%, while the S&P 500 gained 0.29%.
Analysts and investors alike will be keeping a close eye on the performance of Ralph Lauren in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.26, signifying a 13.00% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.86 billion, up 8.25% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.33 per share and revenue of $8.66 billion. These totals would mark changes of +10.49% and +6.68%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Ralph Lauren. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.37% increase. Ralph Lauren is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Ralph Lauren is currently being traded at a Forward P/E ratio of 22.03. This signifies a premium in comparison to the average Forward P/E of 15.93 for its industry.
It is also worth noting that RL currently has a PEG ratio of 2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Textile - Apparel industry was having an average PEG ratio of 2.12.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 97, finds itself in the top 40% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Ralph Lauren (RL) Beats Stock Market Upswing: What Investors Need to Know
Ralph Lauren (RL - Free Report) closed the most recent trading day at $413.01, moving +2.27% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 1.91%.
Coming into today, shares of the upscale clothing company had gained 22.66% in the past month. In that same time, the Consumer Discretionary sector gained 0.45%, while the S&P 500 gained 0.29%.
Analysts and investors alike will be keeping a close eye on the performance of Ralph Lauren in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.26, signifying a 13.00% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.86 billion, up 8.25% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.33 per share and revenue of $8.66 billion. These totals would mark changes of +10.49% and +6.68%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Ralph Lauren. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.37% increase. Ralph Lauren is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Ralph Lauren is currently being traded at a Forward P/E ratio of 22.03. This signifies a premium in comparison to the average Forward P/E of 15.93 for its industry.
It is also worth noting that RL currently has a PEG ratio of 2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Textile - Apparel industry was having an average PEG ratio of 2.12.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 97, finds itself in the top 40% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.