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Based in New York City, New York, Ralph Lauren Corporation (RL) is a global leader in designing, marketing, and distributing premium lifestyle products. It is renowned for its iconic brand and sophisticated style. Ralph Lauren offers a wide range of products, including apparel, accessories, home furnishings, and fragrances. With a market cap of $10.25 billion, Ralph Lauren is known for its timeless elegance, quality craftsmanship, and commitment to luxury. RL is scheduled to announce its fiscal Q1 earnings results before the market opens on Wednesday, Aug. 7.
Ahead of the event, analysts expect RL to report a profit of $2.45 per share, up 4.7% from $2.34 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
Ralph Lauren's adjusted earnings of $1.71 per share for the last reported quarter surpassed the consensus estimate by 3.6%. Stronger-than-expected sales and effective cost management drove the company's earnings beat.
For fiscal 2024, analysts expect RL to report EPS of $11.09, up 7.6% from $10.31 in fiscal 2023.
RL stock is up 11.8% on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 13.2% gains. However, the stock has outperformed the Consumer Discretionary Select Sector SPDR ETF’s (XLY) 1% returns over the same time frame.
RL reported Q4 earnings on May 23. Revenue for the period was $1.57 billion, exceeding analysts' forecasts of $1.55 billion. RL shares rose over 2% after announcing that its Q4 total comparable sales increased by 6%.
The consensus opinion on RL stock is optimistic, with an overall “Moderate Buy” rating. Out of 16 analysts covering the stock, nine advise a “Strong Buy” rating, one suggests a “Moderate Buy” rating, five recommend a “Hold,” and one indicates a “Strong Sell.”
This configuration is more bullish than three months ago when the stock had eight “Strong Buy” ratings. RL's average analyst price target is $183.40, indicating a potential upside of 13.8% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
