The consensus fourth-quarter earnings estimate is currently 16 cents a share. The mean fiscal year estimate price-to-earnings ratio is 38.85, based on earnings of 99 cents a share this year. The company is expected to release earnings again on June 12, 2012
For the same fiscal period year-over-year, revenue has improved to $803.33 million last fiscal year compared to $508.09 million in the previous year. The bottom line has rising earnings year-over-year of $72.50 million last fiscal year compared to $39.24 million in the previous year.
Kors is new and doesn't have a long chart history to read. The volatility is high like a typical recent initial public offering. Kors will need to deliver strong growth on the top and bottom lines to maintain the lofty earnings multiple. Meeting expectations may not be enough. Watch for a beat or be prepared for further stock weakness.
Michael Kors Sees Estimates Moving Higher
Estimates for Michael Kors have been rising of late. The Zacks Consensus Estimate for 2012 for Michael Kors Automotive stood at $0.74 as of January 2012. The consensus has since moved higher to $0.99. Over the same time period estimates for 2013 have moved from $0.98 to $1.24. The implied earnings growth rate of more than 24% is just what aggressive growth investors are seeking.
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