Capri Holdings: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Capri Holdings (NYSE:CPRI) reported Q3 earnings with an EPS of $1.2, missing estimates by 29.82% against an expected $1.71. Revenue decreased by $85 million from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 2.24% drop in share price the following day.
February 08, 2024 | 9:10 pm
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NEGATIVE IMPACT
Capri Holdings reported lower than expected Q3 earnings and a decrease in revenue, continuing a trend of missing EPS estimates.
Given Capri Holdings' history of missing EPS estimates and the subsequent negative impact on its share price, it's likely that this earnings miss and revenue decrease will lead to a short-term negative impact on CPRI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100