The American high-end fashion brand will present quarterly figures the 12th of June. According to trade publications, analysts expect the fashion house to report EPS of 16 cents and sales of $360.62 million. “Estimates for Michael Kors have been
rising of late. The Zacks Consensus Estimate for 2012 for Michael Kors stood at $0.74 as of January 2012. The consensus has since moved higher to $0.99. Over the same time period estimates for 2013 have moved from $0.98 to $1.24. The implied earnings growth rate of more than 24% is just what aggressive growth investors are seeking,” analysis team at Zacks advanced in a note to investors.
Q3 Kors reported earnings of 28 cents per share and sales of $373.6 million. Kors reported sales at stores open more than a year climbed 38% in North America and 34% in Europe. Michael Kors topped the Zacks Consensus Estimate in its only quarter as a public company. On February 24, it reported earnings per share of $0.19, $0.10 or 111% ahead of the Zacks Consensus Estimate.
Revenues also topped expectations for Michael Kors. The Zacks Consensus Estimate was calling for $351 million in sales and the company posted $374 million. The $22 million upside surprise translates into a 6% revenue beat.
Shares rose 6.5% to 38.37 on Friday. They are nearly double the December IPO price of 20 — but well off the March 9 peak of 50.69, stressed ‘Investor´s Business Daily’.