Fashion brand Ralph Lauren (NYSE: RL) will be reporting results this Thursday before market open. Here’s what to expect.
Ralph Lauren beat analysts’ revenue expectations last quarter, reporting revenues of $1.98 billion, up 16.6% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates.
Is Ralph Lauren a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Ralph Lauren’s revenue to grow 8.7% year on year, slowing from the 13.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Ralph Lauren has a history of exceeding Wall Street’s expectations.
Looking at Ralph Lauren’s peers in the consumer discretionary - apparel and accessories segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Levi's delivered year-on-year revenue growth of 8%, beating analysts’ expectations by 2.9%, and Carter's reported revenues up 5.2%, topping estimates by 1.6%. Levi's traded down 2.2% following the results while Carter's was up 5.6%.
Read our full analysis of Levi’s results here and Carter’s results here.
Investors in the consumer discretionary - apparel and accessories segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Ralph Lauren is down 4.6% during the same time and is heading into earnings with an average analyst price target of $430.29 (compared to the current share price of $378.10).
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