Capri Holdings Ltd reports results for the quarter ended June 30 - Earnings Summary

• Capri Holdings Ltd CPRI reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of eleven analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 11 cents to 16 cents per share.

• Revenue fell 25.3% to $797.00 million from a year ago; analysts expected $793.14 million.

• Capri Holdings Ltd's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $53 million.

• Capri Holdings Ltd shares had risen by 2.8% this quarter and lost 13.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 25.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

• Wall Street's median 12-month price target for Capri Holdings Ltd is $20.50, about 11.2% above its last closing price of $18.20

This summary was machine generated from LSEG data August 6 at 11:45 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)