We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ralph Lauren (RL) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
Ralph Lauren (RL - Free Report) closed at $362.66 in the latest trading session, marking a +2.14% move from the prior day. This move outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.04%.
The upscale clothing company's stock has climbed by 5.52% in the past month, exceeding the Consumer Discretionary sector's loss of 6.95% and the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of Ralph Lauren in its forthcoming earnings report. The company's upcoming EPS is projected at $4.21, signifying a 11.08% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.13 billion, reflecting a 5.92% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $18.79 per share and revenue of $8.73 billion, indicating changes of +13.26% and +7.55%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Ralph Lauren should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 remained stagnant. Ralph Lauren is currently a Zacks Rank #3 (Hold).
In the context of valuation, Ralph Lauren is at present trading with a Forward P/E ratio of 18.9. This denotes a premium relative to the industry average Forward P/E of 14.97.
It is also worth noting that RL currently has a PEG ratio of 1.33. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Textile - Apparel industry had an average PEG ratio of 1.82 as trading concluded yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 164, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Ralph Lauren (RL) Outperforms Broader Market: What You Need to Know
Ralph Lauren (RL - Free Report) closed at $362.66 in the latest trading session, marking a +2.14% move from the prior day. This move outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.04%.
The upscale clothing company's stock has climbed by 5.52% in the past month, exceeding the Consumer Discretionary sector's loss of 6.95% and the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of Ralph Lauren in its forthcoming earnings report. The company's upcoming EPS is projected at $4.21, signifying a 11.08% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.13 billion, reflecting a 5.92% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $18.79 per share and revenue of $8.73 billion, indicating changes of +13.26% and +7.55%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Ralph Lauren should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 remained stagnant. Ralph Lauren is currently a Zacks Rank #3 (Hold).
In the context of valuation, Ralph Lauren is at present trading with a Forward P/E ratio of 18.9. This denotes a premium relative to the industry average Forward P/E of 14.97.
It is also worth noting that RL currently has a PEG ratio of 1.33. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Textile - Apparel industry had an average PEG ratio of 1.82 as trading concluded yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 164, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.