Ralph Lauren Rises as Investors Look Ahead to Earnings

Ralph Lauren shares rose 2.14% to $362.66 in the latest session, outpacing gains in the major U.S. indexes. The S&P 500 added 0.2%, while the Dow and Nasdaq each gained 0.04%.

Over the past month, the stock has climbed 5.52%, while the Consumer Discretionary sector fell 6.95% and the S&P 500 lost 0.35%.

Investors are looking ahead to the company’s next earnings report. Zacks’ consensus estimate calls for earnings of $4.21 per share and revenue of $2.13 billion, increases of 11.08% and 5.92%, respectively, from the same quarter a year earlier.

For the full year, Zacks’ consensus forecasts earnings of $18.79 per share and revenue of $8.73 billion. Those figures represent projected year-over-year gains of 13.26% and 7.55%, respectively. The consensus estimate for quarterly earnings per share has not changed over the past month.

Zacks put Ralph Lauren’s forward price-to-earnings ratio at 18.9, compared with an industry average of 14.97. The ratio compares a company’s share price with its projected earnings.