Why Ralph Lauren (RL) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Ralph Lauren (RL) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1] Group 1: Earnings Performance - Ralph Lauren has a strong history of surpassing earnings estimates, averaging a 7.37% beat over the last two quarters [2] - In the last reported quarter, Ralph Lauren achieved earnings of $2.54 per share, exceeding the Zacks Consensus Estimate of $2.43 per share by 4.53% [3] - In the previous quarter, the company reported earnings of $2.70 per share against an expected $2.45 per share, resulting in a surprise of 10.20% [3] Group 2: Earnings Estimates and Predictions - Estimates for Ralph Lauren have been trending higher, influenced by its history of earnings surprises [4] - The stock has a positive Zacks Earnings ESP of +0.30%, indicating bullish sentiment among analysts regarding its earnings prospects [7] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [7] Group 3: Earnings ESP Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6] - A negative Earnings ESP does not necessarily indicate an earnings miss but reduces the predictive power of the metric [7]