Does The Street Have Michael Kors Holdings Figured Out?
Michael Kors Holdings (NYS: KORS) is expected to report Q1 earnings on Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Michael Kors Holdings's revenues will grow 38.1% and EPS will increase 44.1%.
The average estimate for revenue is $572.9 million. On the bottom line, the average EPS estimate is $0.49.
Last quarter, Michael Kors Holdings reported revenue of $597.2 million. GAAP reported sales were 57% higher than the prior-year quarter's $380.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, non-GAAP EPS came in at $0.50. GAAP EPS of $0.49 for Q4 were 123% higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 59.7%, 200 basis points better than the prior-year quarter. Operating margin was 26.1%, 540 basis points better than the prior-year quarter. Net margin was 16.9%, 540 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.85 billion. The average EPS estimate is $2.57.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 254 members out of 288 rating the stock outperform, and 34 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Michael Kors Holdings a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Michael Kors Holdings is outperform, with an average price target of $74.71.
Selling to fickle consumers is a tough business for Michael Kors Holdings or anyone else in the space. But some companies are better equipped to face the future than others. In a new report, we'll give you the rundown on three companies that are setting themselves up to dominate retail. Click here for instant access to this free report.
- Add Michael Kors Holdings to My Watchlist.
The article Does The Street Have Michael Kors Holdings Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.