Back to top

Michael Kors (KORS) Q4 Earnings & Revenues Beat Estimates

Read MoreHide Full Article

Michael Kors Holdings Limited (KORS - Free Report) a global luxury lifestyle company, came out with fourth-quarter fiscal 2018 results, wherein adjusted earnings of 63 cents per share beat the Zacks Consensus Estimate of 60 cents. However bottom-line declined 13.7% from the prior-year quarter.

Further, management projects earnings in the range of 90-95 cents per share for first-quarter fiscal 2019, and between $4.65 to $4.75 for fiscal 2019. The current Zacks Consensus Estimate for the first quarter and fiscal 2019 stand at 89 cents and $4.78, respectively.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has increased by a penny in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 32.7%.

Price, Consensus and EPS Surprise

Revenues: Michael Kors generated total revenue of $1,179.5 million that increased 10.8% year over year, and also came ahead of the Zacks Consensus Estimate of $1,144 million. On a constant currency basis, total revenue grew 7.2%.

Management now forecasts first-quarter fiscal 2019 revenue to be $1,135 million. For fiscal 2019, management anticipates total revenue to be $5.1 billion.

Zacks Rank: Currently, Michael Kors carries a Zacks Rank #2 (Buy), 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.

Stock Movement: Michael Kors’ shares were down roughly 4% during pre-market trading hours following the company’s quarterly results.

Check back later for our full write up on Michael Kors’ earnings report!

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


 




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Michael Kors Holdings Limited (KORS) - free report >>


More from Zacks Tale of the Tape

You May Like