Capri Holdings: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Capri Holdings (NYSE:CPRI) reported its Q2 earnings, missing estimated earnings by 27.1% with an EPS of $1.13 versus an estimate of $1.55. Revenue was down $121.00 million from the same period last year. Last quarter, the company beat on EPS by $0.03, which was followed by a 1.41% drop in the share price the next day.
November 09, 2023 | 9:10 pm
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NEGATIVE IMPACT
Capri Holdings reported lower than expected Q2 earnings and a decrease in revenue compared to last year. This follows a trend from last quarter where a beat on EPS led to a drop in share price.
Capri Holdings missed its earnings estimate significantly, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price. This is further compounded by the fact that revenue was also down compared to the same period last year. The company's past performance shows a trend where even beating EPS estimates led to a drop in share price, suggesting that investor confidence in the company may be low.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100