Capri Holdings Limited (NYSE:CPRI) is reporting second quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.04 per share.
For the full year, analysts predict revenues of $ 3794.00 million, while looking forward to income of $ 0.63 per share.
Previous Quarter Performance
Capri Holdings Limited communicated loss for the first quarter of $ 1.04 per share, from the revenue of $ 451.00 million. The quarterly revenues reduced 66.49 percent compared with the same quarter last year. Street analysts expected Capri Holdings Limited to report loss of $ 1.08 per share on revenue of $ 431.86 million for the first quarter. The bottom line results beat street analysts by $ 0.04 or 3.70 percent, at the same time, top line results outshined analysts by $ 19.14 million or 4.43 percent.
Stock Performance
Shares of Capri Holdings Limited traded up $ 0.36 or 1.57 percent on Wednesday, reaching $ 23.28 with volume of 4.29 million shares. Capri Holdings Limited has traded high as $ 23.45 and has cracked $ 22.33 on the downward trend
The closing price of $ 23.28, representing a 322.88 % increase from the 52 week low of $ 5.42 and a 42.56 % decrease over the 52 week high of $ 39.90.
The company has a market capital of $ 3.50 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
- On 21st September 2020, maintained by Piper Sandler at Neutral rating, with $ 21.00 target price.
Conference Call
Capri Holdings Limited will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.capriholdings.com
Capri Holdings Limited designs, markets, distributes, and retails branded womens and mens apparel and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The companys Versace segment offers ready-to-wear, accessories, footwear, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites in the United States, Europe, and China. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, and eyewear.
