Ralph Lauren Corp reports results for the quarter ended June 30 - Earnings Summary

• Ralph Lauren Corp RL.N reported quarterly adjusted earnings of $3.77​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.70. The mean expectation of fourteen analysts for the quarter was for earnings of $3.50 per share. Wall Street expected results to range from $3.32 to $3.61 per share.

• Revenue rose 13.7% to $1.72 billion from a year ago; analysts expected $1.66 billion.

• Ralph Lauren Corp's reported EPS for the quarter was $3.52​.

• The company reported quarterly net income of $220.4 million.

• Ralph Lauren Corp shares had risen by 10.5% this quarter and gained 31.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 16.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "buy"

• Wall Street's median 12-month price target for Ralph Lauren Corp is $335.00, about 9.6% above its last closing price of $302.96

This summary was machine generated from LSEG data August 7 at 04:46 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)