Tapestry (TPR) Reports Q4: Everything You Need To Know Ahead Of Earnings

Luxury fashion conglomerate Tapestry (NYSE:TPR) will be reporting results this Thursday before market hours. Here’s what you need to know.

Tapestry beat analysts’ revenue expectations by 4.1% last quarter, reporting revenues of $1.70 billion, up 13.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ constant currency revenue estimates and a solid beat of analysts’ revenue estimates.

Is Tapestry a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Tapestry’s revenue to grow 5.9% year on year to $2.32 billion, in line with the 5.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.23 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tapestry has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.3% on average.

Looking at Tapestry’s peers in the apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. VF Corp delivered year-on-year revenue growth of 4.4%, beating analysts’ expectations by 2.5%, and Levi's reported flat revenue, topping estimates by 3.4%. VF Corp’s stock price was unchanged after the resultsand Levi’s price followed a similar reaction.

Read our full analysis of VF Corp’s results here and Levi’s results here.

Investors in the apparel and accessories segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Tapestry is down 1.1% during the same time and is heading into earnings with an average analyst price target of $135.83 (compared to the current share price of $128.29).

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