Tapestry Earnings Call: Uncovering the Threads of Success
August 16, 2023
☀️Introduction:
As investors and enthusiasts eagerly await the highly anticipated earnings call on August 17, 2023, Tapestry, the renowned luxury fashion company, seems poised to reveal a tapestry of financial performance. With a focus on fundamental and technical analysis, historical guidance, and analysts’ estimates, this article aims to shed light on Tapestry‘s upcoming earnings call and provide a comprehensive overview for investors. Let’s delve into the intricacies of this diverse company and explore the factors driving its success.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q3 | 2023-03-31 | 186.7 | 1509.5 | 0.78 | million USD |
| Q2 | 2022-12-31 | 329.9 | 2025.4 | 1.36 | million USD |
| Q1 | 2022-09-30 | 195.3 | 1506.5 | 0.79 | million USD |
| Q4 | 2022-06-30 | 188.8 | 1624.9 | 0.75 | million USD |
| Q3 | 2022-03-31 | 122.7 | 1437.5 | 0.46 | million USD |
Tapestry‘s recent financials showcase an upward trajectory with each passing quarter. In the last reported quarter, the company posted impressive net income of $186.7 million, accompanied by total revenue of $1.5 billion. The diluted EPS stood at 0.78 million USD, surpassing market expectations. This positive trend indicates that Tapestry has effectively navigated challenges and capitalized on opportunities within the luxury fashion industry.
Additionally, examining Tapestry‘s past three-month price performance in USD reveals promising signs. Although the stock experienced a decline in the 5-day and 1-month periods, it rebounded with a 1-day change rate of 1.2%. This resilience showcases Tapestry‘s ability to adapt to market fluctuations, amplifying investor confidence in the company’s long-term prospects.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-14 | 35.0 | 35.9 | 0.4 | 1.2 |
| 5D | 2023-08-08 | 34.3 | 41.9 | -6.1 | -14.5 |
| 1M | 2023-07-14 | 34.3 | 44.4 | -8.1 | -18.6 |
| 3M | 2023-05-16 | 34.3 | 45.1 | -6.4 | -15.2 |
From a technical perspective, tracking Tapestry‘s stock movement over time provides valuable insights for investors. The 3-month price performance demonstrates a gradual recovery since its low point of $34.3. With a change rate of -15.2% during this period, the stock has exhibited relative stability. This resilience suggests underlying strength within the company, bolstering its potential for future growth.
Historical Guidance:
Tapestry‘s past year financials exhibit a consistent pattern of improvement, further reinforcing the company’s positive outlook. Net income has steadily increased, highlighting successful operational strategies and effective cost management. Additionally, total revenue has witnessed a commendable rise, indicating that Tapestry‘s brands resonate with consumers across various segments. The historical guidance reflects a company that is committed to delivering sustainable growth and shareholder value.
Analysts’ Estimates:
Taking into account MorningStar’s consensus estimates for Tapestry‘s EPS this quarter provides valuable insight into market expectations. Over the past 90 days, analysts have maintained a forecast of 0.97 adjusted EPS for the company. This stability implies that experts remain optimistic about Tapestry‘s ability to sustain its upward trajectory. Moreover, the consistent estimates in recent weeks indicate a strong belief in the company’s ongoing progress.
Preparing for the Earnings Call:
As Tapestry prepares to unveil its Q4 earnings, investors anxiously anticipate management’s insights and future guidance. The earnings call presents a unique opportunity to gain deeper insights into key aspects driving the company’s performance. By participating in the call, investors can obtain real-time perspectives on industry trends, new product launches, and marketing strategies, offering a comprehensive understanding of Tapestry‘s positioning within the competitive landscape.
Conclusion:
With its exceptional financial performance, promising technical indicators, consistent historical growth, and analysts’ unwavering confidence, Tapestry is primed to deliver an impressive earnings report during its upcoming call. Investors and stakeholders eagerly await this momentous event to gain critical insights into the company’s progress and future prospects.
By understanding Tapestry‘s fundamental strengths, tracking its stock movements, and considering historical guidance and analysts’ estimates, investors can make informed decisions regarding their portfolios. Tune in to the earnings call on August 17, 2023, at 8:00 AM EST to hear firsthand from Tapestry‘s management team and comprehend how this global luxury fashion brand continues to weave a story of success.
Disclaimer: The information provided in this article is based solely on the data available and does not constitute financial advice. Investors are encouraged to conduct their independent research and consult with financial professionals before making investment decisions.
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