Michael Kors Holdings Earnings Preview: Can This Streak Continue?
Michael Kors Holdings (NYSE:KORS) will report earnings before markets open on Wednesday, May 29th. Michael Kors Holdings Limited is a global luxury lifestyle brand. The Company operates in retail, wholesale, and licensing with a strategically controlled global distribution network focused on company-operated retail stores, leading department stores, specialty stores and select licensing partners.
Here is your Cheat Sheet to Michael Kors Holdings Earnings:
Earnings Expectations: Analysts expect earnings of $0.39 per share on revenues of $544.71 million. Currently, the company’s P/E ratio stands at 35.44.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.48 to a profit $0.47. For the current year, the average estimate is a profit of $1.86, which is better than the estimate ninety days ago.
Here’s how Michael Kors Holdings has been performing on an annual basis:
|Revenue ($) in millions||397||508||803||1,302|
|Diluted EPS ($)||NA||NA||0.40||0.78|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||379.99||414.86||513.07||636.78|
|Diluted EPS ($)||0.22||0.34||0.49||0.64|
Michael Kors Holdings has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)