* Tapestry Inc is expected to show a fall in quarterly revenue when it reports results on May 9 for the period ending March 31 2024
* The New York City-based company is expected to report a 0.8% decrease in revenue to $1.498 billion from $1.51 billion a year ago, according to the mean estimate from 13 analysts, based on LSEG data.The company's guidance on February 8 2024, for the period ended March 31, was for revenue between $1.48 billion and $1.51 billion. (Revenue is on Net Sales basis)
* LSEG's mean analyst estimate for Tapestry Inc is for earnings of 67 cents per share.
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in the last three months.
* Wall Street's median 12-month price target for Tapestry Inc is $50.00, above its last closing price of $39.48.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 1.46 1.46 1.63 Beat 11.6
Sep. 30 2023 0.90 0.90 0.93 Beat 3.2
Jan. 1 0001 0.97 0.97 0.95 Missed -1.6
Mar. 31 2023 0.58 0.59 0.78 Beat 32.2
Jan. 1.27 1.27 1.36 Beat 7.1
1 0001
Sep. 30 2022 0.76 0.75 0.79 Beat 4.8
Jun. 30 2022 0.77 0.77 0.78 Beat 1
Mar. 31 2022 0.42 0.41 0.51 Beat 23.6
This summary was machine generated May 7 at 15:17 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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