Published on 20 May 2022 on Zacks via Yahoo Finance
Can Ralph Lauren (RL) Keep the Earnings Surprise Streak Alive?
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Ralph Lauren (RL), which belongs to the Zacks Textile - Apparel industry, could be a great candidate to consider.
This upscale clothing company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 33.57%.
For the last reported quarter, Ralph Lauren came out with earnings of $2.94 per share versus the Zacks Consensus Estimate of $2.17 per share, representing a surprise of 35.48%. For the previous quarter, the company was expected to post earnings of $1.99 per share and it actually produced earnings of $2.62 per share, delivering a surprise of 31.66%.