Why Tapestry (TPR) is Poised to Beat Earnings Estimates Again

Core Insights - Tapestry (TPR) has a strong history of beating earnings estimates and is well-positioned for future earnings success [1][3] Earnings Performance - In the most recent quarter, Tapestry reported earnings of $0.81 per share, exceeding the expected $0.67 per share by 20.90% [2] - For the previous quarter, Tapestry's actual earnings were $1.63 per share, surpassing the consensus estimate of $1.45 per share by 12.41% [2] - On average, Tapestry has topped earnings estimates by 16.65% over the last two quarters [7] Earnings ESP and Predictions - Tapestry has a positive Earnings ESP of +1.47%, indicating increased analyst optimism regarding its near-term earnings potential [9] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [9][8] Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings surprises, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [4] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [8]