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Countdown to Ralph Lauren (RL) Q2 Earnings: Wall Street Forecasts for Key Metrics
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Wall Street analysts forecast that Ralph Lauren (RL - Free Report) will report quarterly earnings of $4.27 per share in its upcoming release, pointing to a year-over-year increase of 12.7%. It is anticipated that revenues will amount to $2.14 billion, exhibiting an increase of 6.6% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Ralph Lauren metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Net revenues- Retail' to reach $1.37 billion. The estimate suggests a change of +8.4% year over year.
The consensus estimate for 'Net revenues- Wholesale' stands at $713.18 million. The estimate indicates a year-over-year change of +1.6%.
Analysts predict that the 'Geographic Net revenues- Other- Licensing' will reach $44.27 million. The estimate indicates a year-over-year change of -0.3%.
Analysts expect 'Geographic Net revenues- North America' to come in at $875.70 million. The estimate indicates a year-over-year change of +5.2%.
It is projected by analysts that the 'Geographic Net revenues- Europe' will reach $695.74 million. The estimate indicates a year-over-year change of +1.1%.
The consensus among analysts is that 'Geographic Net revenues- Asia' will reach $513.42 million. The estimate suggests a change of +15.2% year over year.
Ralph Lauren shares have witnessed a change of +8.8% in the past month, in contrast to the Zacks S&P 500 composite's -2.3% move. With a Zacks Rank #2 (Buy), RL is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Ralph Lauren (RL) Q2 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts forecast that Ralph Lauren (RL - Free Report) will report quarterly earnings of $4.27 per share in its upcoming release, pointing to a year-over-year increase of 12.7%. It is anticipated that revenues will amount to $2.14 billion, exhibiting an increase of 6.6% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Ralph Lauren metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Net revenues- Retail' to reach $1.37 billion. The estimate suggests a change of +8.4% year over year.
The consensus estimate for 'Net revenues- Wholesale' stands at $713.18 million. The estimate indicates a year-over-year change of +1.6%.
Analysts predict that the 'Geographic Net revenues- Other- Licensing' will reach $44.27 million. The estimate indicates a year-over-year change of -0.3%.
Analysts expect 'Geographic Net revenues- North America' to come in at $875.70 million. The estimate indicates a year-over-year change of +5.2%.
It is projected by analysts that the 'Geographic Net revenues- Europe' will reach $695.74 million. The estimate indicates a year-over-year change of +1.1%.
The consensus among analysts is that 'Geographic Net revenues- Asia' will reach $513.42 million. The estimate suggests a change of +15.2% year over year.
View all Key Company Metrics for Ralph Lauren here>>>Ralph Lauren shares have witnessed a change of +8.8% in the past month, in contrast to the Zacks S&P 500 composite's -2.3% move. With a Zacks Rank #2 (Buy), RL is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .