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Michael Kors Holdings Ltd. (NYSE:KORS) is scheduled to report its Q1 2013 results on August 14, 2012, before the market opens. The street expects EPS and revenue of $0.20 and $367.96M, respectively.

In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, and the news from its closest competitors.

Michael Kors Holdings Ltd. Revenue and Net Income History

Recent EPS Actuals vs. Estimates

The company has met or beaten analysts' estimates in the last two quarters. In the last quarter it reported $0.22 EPS, beating analyst estimates of $0.16.

Michael Kors Holdings Ltd. EPS Historical Results vs Estimates

The consensus EPS estimate is $0.20 based on 8 analysts' estimates. Revenue estimates are $367.96M. The median target price by analysts for the stock is $52.50.

Average recommendation: Buy

Source: Marketwatch

Competitors

Coach (NYSE:COH), Fifth & Pacific Companies (FNP), Lululemon Athletica (NASDAQ:LULU), Ralph Lauren (NYSE:RL), and Vera Bradley (NASDAQ:VRA) are considered competitors for Michael Kors and the table below provides the key metrics for these companies and the industry.

Michael Kors Holdings Ltd. key ratio comparison with direct competitors

The chart below compares the stock price changes as a percentage for the selected companies for the last one year period.

KORS Chart

KORS data by YCharts

Competitors' Latest Development

  • On July 26, 2012, Fifth & Pacific Companies Inc announced that for fiscal 2012, the Company continues to forecast adjusted EBITDA, excluding foreign currency transaction gains or losses, in the range of $125-$140 million.
  • On July 18, 2012, Ralph Lauren Corporation reported in its Form 8-K that on July 16, 2012, Tracey T. Travis, Senior Vice President and Chief Financial Officer (NASDAQ:CFO) of Ralph Lauren Corporation (Company), notified the Company that she will be resigning from the Company, effective as of July 30, 2012, to pursue other interests.
  • On June 7, 2012, Lululemon Athletica Inc announced that for the second quarter of 2012, it expects net revenue to be in the range of $273-$278 million based on a comparable-store sales percentage increase in the low double digits on a constant-dollar basis, diluted earnings per share (NYSEARCA:EPS) to be in the range of $0.28 to $0.30. For fiscal 2012, it now expect net revenue to be in the range of $1.320-$1.340 billion and diluted EPS to be in the range of $1.55 to $1.60.
  • On May 31, 2012, Vera Bradley Inc announced that for the second quarter of 2013, it expects net revenues to be in a range of $121-$123 million and diluted earnings per share is expected to be in a range of $0.34-$0.36. For fiscal 2013, it expects net revenues to be in a range of $535-$540 million, compared to previous guidance of $540-$545 million and diluted earnings per share are still expected to be in a range of $1.68 to $1.71. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.38 on revenues of $123 for the second quarter of 2013; EPS of $1.71 on revenues of $545 for fiscal 2013.
  • On May 22, 2012, Ralph Lauren Corporation announced that for fiscal 2013, it currently expects consolidated net revenues to increase by a mid-single-digit percentage, reflecting the net impact of a low single-digit decline in wholesale sales and a low double-digit increase in retail sales.
  • On May 22, 2012, Ralph Lauren Corporation announced that its Board of Directors declared a 100% increase in the regular quarterly cash dividend on the Company's Common Stock.
  • On May 15, 2012, Liz Claiborne announced that it has completed previously announced corporate name change to Fifth & Pacific Companies, Inc. The Company will trade on the New York Stock Exchange under the ticker symbol FNP.
  • On April 26, 2012, Liz Claiborne Inc. reaffirmed fiscal 2012 EBITDA guidance to a range of $125 to $140 million, excluding unrealized foreign currency gains or losses. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $132 million for fiscal 2012.
  • On March 28, 2012, Vera Bradley Inc announced that for the first quarter of 2013, it expects net revenues to be in the range of $115-$117 million and diluted earnings per share to be in the range of $0.27-$0.29. For fiscal 2013, it expects net revenues to be in the range of $540-$545 million and diluted earnings per share to be in the range of $1.68-$1.71. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.29 on revenues of $117 for the first quarter of 2013; EPS of $1.70 on revenues of $544 for fiscal 2013.
  • On March 22, 2012, Lululemon Athletica Inc announced that for the first quarter of fiscal 2012, it expects net revenue to be in the range of $265 million to $270 million based on a comparable-store sales percentage increase in the low 20s on a constant-dollar basis.
  • On March 14, 2012, Vera Bradley Inc announced that for the first quarter of 2013, it expects net revenues to be in the range of $115-$117 million and diluted earnings per share to be in the range of $0.27-$0.29. For fiscal 2013, it expects net revenues to be in the range of $540-$545 million and diluted earnings per share to be in the range of $1.68-$1.71. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.32 on revenues of $117 for the first quarter of 2013; EPS of $1.68 on revenues of $531 for fiscal 2013.

Technical Overview


The stock has a market capitalization of $8.34B and is currently trading at $43.26 with a 52 week range of $23.51 - $50.69. The stock's year-to-date performance has been 58.75%. It is currently trading above 20, 50 and 200 SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Earnings Preview: Michael Kors Holdings