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On or about 2016-08-03, when Kate Spade & Company (NYSE:KATE) releases their next quarterly report, Wall Street analysts anticipate the firm will report earnings/share of $0.14. The consensus EPS provided by Zacks Research, long recognized as a provider of top-of-the-line research. Sell-side analysts will want to know how the actual numbers compare to their estimates. A high Surprise Factor can make a large difference in the stock price following the report. Kate Spade & Company (NYSE:KATE) has recorded a surprise factor of 0% during the most recent quarter thanks to an EPS being $0 off the consensus estimate.
Where Does Wall Street See the Stock Going?
Research analysts project the shares of Kate Spade & Company (NYSE:KATE) could range from a high of $25/$39, a standard deviation of $3.887. The 9 analysts who provided the projections have a consensus target that stands at $30.111. This number was revised on 2016-05-11. They represent the short-term projections that include the next 12 months.
Investors use Zacks.coms Average Brokerage Recommendation Score in order to find the consensus number on the stock based on professional recommendations. The ABR is an average of all of the recommendations compiled by several research firms on a given stock. The ABR rank is gauged on a scale of 1 to 5, 1 being a STRONG BUY up to 5 being a STRONG SELL. Investors should proceed with caution when with these recommendations, however, because of the tendency of analysts to be optimistic on their ratings. Kate Spade & Companys shares have an ABR of 1.55.
Kate Spade & Co, formerly Fifth & Pacific Companies Inc, designs and markets a portfolio of retail-based, premium brands, including JUICY COUTURE, KATE SPADE and LUCKY BRAND. The Company also has a private brand jewelry design and development division, which markets brands through department stores and serves J.C. Penney Corporation, Inc. (JCPenney), through exclusive supplier agreements for the LIZ CLAIBORNE and MONET jewelry lines and Kohls Corporation (Kohls) through an exclusive supplier agreement for DANA BUCHMAN jewelry. It also has licenses for the LIZ CLAIBORNE NEW YORK brand, available at QVC and LIZWEAR, which is distributed through the club store channel. It maintains an 18.75% stake in MEXX, a European and Canadian apparel and accessories retail-based brand. In February 2014, the Company completed the sale of Lucky Brand Dungarees Inc.
This article is informational purposes only and should not be considered a recommendation to buy or sell the stock
Source: http://www.greenvilletribune.com/kate-spade-company-nysekate-sell-side-analysts-take-on-earnings/
