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Capri Holdings (CPRI) Outpaces Stock Market Gains: What You Should Know
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Capri Holdings (CPRI - Free Report) closed the most recent trading day at $66.04, moving +1.74% from the previous trading session. This change outpaced the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the luxury retailer had gained 5.54% in the past month. In that same time, the Retail-Wholesale sector lost 0.1%, while the S&P 500 gained 4.56%.
Wall Street will be looking for positivity from Capri Holdings as it approaches its next earnings report date. The company is expected to report EPS of $0.91, down 44.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.47 billion, up 12.57% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.34 per share and revenue of $5.41 billion. These totals would mark changes of +181.05% and +33.23%, respectively, from last year.
Any recent changes to analyst estimates for Capri Holdings should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. Capri Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Capri Holdings is currently trading at a Forward P/E ratio of 12.16. Its industry sports an average Forward P/E of 12.75, so we one might conclude that Capri Holdings is trading at a discount comparatively.
Also, we should mention that CPRI has a PEG ratio of 0.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 51, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Capri Holdings (CPRI) Outpaces Stock Market Gains: What You Should Know
Capri Holdings (CPRI - Free Report) closed the most recent trading day at $66.04, moving +1.74% from the previous trading session. This change outpaced the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the luxury retailer had gained 5.54% in the past month. In that same time, the Retail-Wholesale sector lost 0.1%, while the S&P 500 gained 4.56%.
Wall Street will be looking for positivity from Capri Holdings as it approaches its next earnings report date. The company is expected to report EPS of $0.91, down 44.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.47 billion, up 12.57% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.34 per share and revenue of $5.41 billion. These totals would mark changes of +181.05% and +33.23%, respectively, from last year.
Any recent changes to analyst estimates for Capri Holdings should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. Capri Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Capri Holdings is currently trading at a Forward P/E ratio of 12.16. Its industry sports an average Forward P/E of 12.75, so we one might conclude that Capri Holdings is trading at a discount comparatively.
Also, we should mention that CPRI has a PEG ratio of 0.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 51, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.