Preview: Tapestry's Earnings
Portfolio Pulse from Benzinga Insights
Tapestry (NYSE:TPR) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $1.46. The company's past earnings performance shows mixed results with minor share price movements following earnings announcements. Shares are currently trading at $41.0, reflecting a 9.39% decline over the last year. Investors are looking for positive guidance for the next quarter.
February 07, 2024 | 5:01 pm
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NEUTRAL IMPACT
Tapestry is expected to report an EPS of $1.46 for the upcoming quarter. Historical data shows minor price fluctuations post-earnings, with a 9.39% decline in share price over the last year.
Given Tapestry's history of minor share price movements post-earnings and the current expectation of an EPS of $1.46, the short-term impact is likely neutral. The 9.39% decline in share price over the past year indicates a cautious market sentiment, which may limit significant positive movement unless the earnings significantly exceed expectations or positive future guidance is provided.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100