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Capri Holdings (CPRI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Capri Holdings (CPRI - Free Report) reported revenue of $1.07 billion, down 13.2% over the same period last year. EPS came in at $0.04, compared to $0.74 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.15 billion, representing a surprise of -7.12%. The company delivered an EPS surprise of -93.22%, with the consensus EPS estimate being $0.59.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Capri Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Versace
: $219 million versus $256.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.4% change.
Revenue- Jimmy Choo
: $173 million versus $167.52 million estimated by three analysts on average.
Revenue- Michael Kors
: $675 million versus the three-analyst average estimate of $730.01 million. The reported number represents a year-over-year change of -14.2%.
Income from operations- Jimmy Choo
: $4 million compared to the $12.64 million average estimate based on two analysts.
Income from operations- Michael Kors
: $75 million versus the two-analyst average estimate of $111.47 million.
Income from operations- Versace
: -$17 million versus $0.75 million estimated by two analysts on average.
Shares of Capri Holdings have returned -6.5% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Capri Holdings (CPRI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Capri Holdings (CPRI - Free Report) reported revenue of $1.07 billion, down 13.2% over the same period last year. EPS came in at $0.04, compared to $0.74 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.15 billion, representing a surprise of -7.12%. The company delivered an EPS surprise of -93.22%, with the consensus EPS estimate being $0.59.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Capri Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Capri Holdings here>>>Revenue- Versace
: $219 million versus $256.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.4% change.Revenue- Jimmy Choo
: $173 million versus $167.52 million estimated by three analysts on average.Revenue- Michael Kors
: $675 million versus the three-analyst average estimate of $730.01 million. The reported number represents a year-over-year change of -14.2%.Income from operations- Jimmy Choo
: $4 million compared to the $12.64 million average estimate based on two analysts.Income from operations- Michael Kors
: $75 million versus the two-analyst average estimate of $111.47 million.Income from operations- Versace
: -$17 million versus $0.75 million estimated by two analysts on average.Shares of Capri Holdings have returned -6.5% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.