Michael Kors Holdings (KORS) Set to Announce Earnings on Tuesday
Michael Kors Holdings (NASDAQ:KORS) will be releasing its Q214 earnings data on Tuesday, November 5th. Analysts expect Michael Kors Holdings to post earnings of $0.67 per share and revenue of $722.20 million for the quarter. Michael Kors Holdings has set its Q2 guidance at $0.62-0.64 EPS and its FY14 guidance at $2.67-2.69 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
Michael Kors Holdings (NASDAQ:KORS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.12. The company had revenue of $640.90 million for the quarter, compared to the consensus estimate of $570.52 million. During the same quarter last year, the company posted $0.34 earnings per share. Michael Kors Holdings’s revenue was up 54.5% compared to the same quarter last year. On average, analysts expect Michael Kors Holdings to post $2.78 EPS for the current fiscal year and $3.42 EPS for the next fiscal year.
Michael Kors Holdings (NASDAQ:KORS) opened at 75.43 on Monday. Michael Kors Holdings has a 52 week low of $46.66 and a 52 week high of $78.83. The stock has a 50-day moving average of $75.18 and a 200-day moving average of $66.73. The company has a market cap of $15.234 billion and a price-to-earnings ratio of 34.38.
Several analysts have recently commented on the stock. Analysts at Maxim Group initiated coverage on shares of Michael Kors Holdings in a research note to investors on Tuesday, October 29th. They set a “buy” rating and a $99.00 price target on the stock. On a related note, analysts at Wedbush reiterated an “outperform” rating on shares of Michael Kors Holdings in a research note to investors on Tuesday, October 29th. They now have a $80.00 price target on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Michael Kors Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Michael Kors Holdings currently has an average rating of “Buy” and a consensus target price of $81.07.
Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors name and MICHAEL KORS, MICHAEL MICHAEL KORS, KORS MICHAEL KORS and various other related logos.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.