Market Overview

Tapestry Q3 Earnings Preview

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Tapestry (NYSE: TPR) releases its next round of earnings Tuesday. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

Earnings and Revenue

Wall Street analysts see Tapestry reporting earnings of 50 cents per share on sales of $1.3 billion.

In the same quarter last year, Tapestry reported EPS of 46 cents on revenue of $995.2 million. The Wall Street estimate would represent an 8.7 percent increase in the company's earnings. Revenue would be have grown 30.63 percent from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:

 

Quarter Q2 2018 Q1 2018 Q4 2017 Q3 2017
EPS Estimate 0.89 0.36 0.49 0.44
EPS Actual 1.07 0.42 0.5 0.46

 

Stock Performance

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Tapestry stock is a Strong Sell. The strength of this rating has dwindled over the past 90 days.

Conference Call

Tapestry's Q3 is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here: http://www.tapestry.com/investors/

Posted-In: Earnings News Previews Trading Ideas

 

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