On Wednesday, May 31st, Michael Kors (KORS) will release its fourth quarter earnings results before the bell. The company is a Zacks Rank 4 (Sell), and have a Value, Growth, and Momentum score of A.
In our video David will take a look at the current state of Michael Kors, their past earnings announcements, and he’ll give us his thoughts on their upcoming earnings call. Furthermore, David will also give us insight on how to play the options market.
Michael Kors in Focus
Michael Kors is a global accessories, footwear and apparel company. They offer two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. They also offer select footwear and outerwear through their KORS Michael Kors accessible luxury collection. They operate their business in three segments-retail, wholesale and licensing-and have a global distribution network focused on company-operated retail stores, leading department stores, specialty stores and select licensing partners.
Michael Kors is expected to report earnings at $0.70 per share according to the Zacks Consensus Estimate. Last quarter they reported earnings at $0.69, missing expectations by $0.01. Their average EPS surprise is -2.04%.
Michael Kors Holdings Limited (NYSE:KORS) Price, Consensus and EPS Surprise
Michael Kors Holdings Limited Price, Consensus and EPS Surprise | Michael Kors Holdings Limited Quote
Bottom Line
How should investors play Michael Kors ahead of their earnings report? For insights on the best options trades, then tune in 1:00pm CST today to see David’s thoughts.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Michael Kors Holdings Limited (KORS): Free Stock Analysis Report
Original post
Zacks Investment Research