• Sun. Oct 2nd, 2022

Capri Holdings: Q1 Earnings Insights

ByBenzinga Insights

Aug 9, 2022
Capri Holdings: Q1 Earnings Insights

 

Capri Holdings CPRI reported its Q1 earnings results on Tuesday, August 9, 2022 at 06:45 AM.

Here’s what investors need to know about the announcement.

Earnings

Capri Holdings beat estimated earnings by 10.29%, reporting an EPS of $1.5 versus an estimate of $1.36.

Revenue was up $107.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.2 which was followed by a 0.45% drop in the share price the next day.

Here’s a look at Capri Holdings’s past performance:

 








Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.82 1.69 0.95 0.79
EPS Actual 1.02 2.22 1.53 1.42
Revenue Estimate 1.41B 1.47B 1.27B 1.11B
Revenue Actual 1.49B 1.61B 1.30B 1.25B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Capri Holdings management provided guidance for FY 2023, expecting earnings between $6.85 and $6.85 per share.

To track all earnings releases for Capri Holdings visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.