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Stock Market & Financial Investment News

News Breaks
February 3, 2014
13:04 EDTKORSEarnings Preview: Analysts expect Michael Kors to meet or exceed Q3 guidance
Michael Kors (KORS) is scheduled to report third quarter results before the market open on Tuesday, February 4 with a conference call scheduled for 8:00 am ET. Michael Kors Holdings Limited is a global lifestyle brand and global accessories, footwear and apparel company. EXPECTATIONS: Analysts are looking for EPS of 86c on revenue of $859.94M, according to First Call. The consensus range for EPS is 82c-89c on revenue of $842.7M-$885.09M. LAST QUARTER: Michael Kors reported Q2 EPS of 71c against estimates of 68c, on revenue of $740.3M against estimates for $725.9M. Comparable store sales increased 22.9%. The company forecast Q3 EPS 83c-85c on revenue of $845M-$855M, and said this outlook assumes a SSS increase in the 15%-20% range. Michael Kors also forecast FY14 EPS $2.77-$2.81 against estimates of $2.83 on revenue of $2.9B-$3B against estimates of $3.03; the company also sees FY SSS up approximately 20%. STREET RESEARCH: Morgan Stanley expects the company to meet or beat the 86c EPS estimate and for the market to reward 20% global comps. The firm believes Michael Kors will deliver "best in class" holiday sales, and says the brand remains the most searched handbag brand. Buckingham expects Michael Kors' sales and earnings guidance to surpass expectations During the quarter, shares were downgraded to Neutral from Buy at Citigroup and Wedbush said markdowns were higher than expected during the holiday season. Michael Kors was mentioned positively at ITG Research in January. OTHER STOCKS: Michael Kors peer Coach (COH) recently reported weaker than expected Q2 results. PRICE ACTION: Michael Kors shares are up almost 3% over the last three months, despite the stock being down over 3% in today's trading.
News For KORS From The Last 14 Days
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May 27, 2015
07:02 EDTKORSMichael Kors sees Q1 EPS 74c-78c, consensus $1.03
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07:01 EDTKORSMichael Kors reports Q4 EPS 90c, consensus 91c
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05:58 EDTKORSStocks with implied volatility above IV index mean; KORS ZNGA
Stocks with implied volatility above IV index mean; Michael Kors (KORS), Zynga (ZNGA) 57 according to iVolatility.
May 26, 2015
16:01 EDTKORSOptions Update; May 26, 2015
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15:56 EDTKORSMichael Kors May 60.5 weekly straddle priced for 9.3% movement into Q4
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15:00 EDTKORSNotable companies reporting before tomorrow's open
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13:46 EDTKORSMichael Kors technical comments ahead of earnings
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12:31 EDTKORSMichael Kors May weekly volatility increasing into Q4 and outlook
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11:30 EDTKORSEarnings Watch: Analysts cautious on Michael Kors ahead of Q4 report
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07:23 EDTKORSMichael Kors target lowered, cautious stance remains, says Canaccord
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May 22, 2015
08:02 EDTKORSMichael Kors says breaking ground on European distribution center soon
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07:21 EDTKORSMichael Kors May weekly volatility elevated into Q4 and outlook
Michael Kors May weekly call option implied volatility is at 66, June is at 43, August is at 34, November is at 31; compared to its 90-day average of 33, suggesting large May price movement into the expected release of Q4 results on May 27.
May 20, 2015
06:46 EDTKORSMichael Kors multiple could 'struggle' to expand, says Piper Jaffray
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06:07 EDTKORSStocks with implied volatility above IV index mean; KORS BBY
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 40, Best Buy (BBY) 37 according to iVolatility.
May 19, 2015
06:00 EDTKORSStocks with implied volatility above IV index mean; KORS ALTR
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 38, Altera (ALTR) 72 according to iVolatility.
May 15, 2015
05:52 EDTKORSStocks with implied volatility above IV index mean; KORS SPLS
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May 14, 2015
13:44 EDTKORSMichael Kors weekly volatility elevated into Q4 and outlook
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13:28 EDTKORSIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
10:00 EDTKORSOn The Fly: Analyst Initiation SummaryT
Today's noteworthy initiations include: Advaxis (ADXS) initiated with a Buy at MLV & Co.... Akebia (AKBA) initiated with a Buy at Brean Capital... CarMax (KMX) initiated with a Buy at Sterne Agee CRT... Coach (COH) initiated with a Neutral at Wedbush... Euronav NV (EURN) initiated with an Outperform at Credit Suisse... Franco-Nevada (FNV) initiated with an Outperform at Macquarie... Kate Spade (KATE) initiated with an Outperform at Wedbush... Lumber Liquidators (LL) initiated with a Perform at Oppenheimer... Michael Kors (KORS) initiated with a Neutral at Wedbush... National Instruments (NATI) initiated with an Overweight at Stephens... Royal Gold (RGLD) initiated with an Outperform at Macquarie... Spectra Energy Partners (SEP) initiated with a Buy at Janney ... Spectra Energy (SE) initiated with a Buy at Janney Capital... Tribune Publishing (TPUB) initiated with a Buy at Sterne Agee CRT.
06:33 EDTKORSMichael Kors initiated with a Neutral at Wedbush
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