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Is Michael Kors (KORS) Likely to Disappoint in Q1 Earnings?

Michael Kors Holdings Limited KORS is scheduled to report first-quarter fiscal 2018 results on Aug 8. In the last quarter, the company delivered a positive earnings surprise of 4.3%. Let’s see how things are shaping up prior to this announcement.

What to Expect?

Michael Kors has a remarkable history, at least in terms of the bottom line. The company continued with its positive earnings surprise streak for the seventh straight quarter, as it reported fourth-quarter fiscal 2017 results. In the trailing four quarters, the company outperformed the Zacks Consensus Estimate by an average of 8.1%. The current Zacks Consensus Estimate for the quarter is 62 cents, reflecting a year-over-year decline of over 29%. Analysts polled by Zacks expect revenues of $918 million, down over 4% from the year-ago quarter.

Well the obvious question that comes to mind, will Michael Kors be able to sustain its positive earnings surprise streak in the fourth quarter. Well past trends do indicate toward that direction but it will not be wise to jump to a conclusion without analyzing the...


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