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Why Tapestry is Poised to Beat Earnings Estimates Again

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Tapestry (NYSE: TPR). This company, which is in the Zacks Retail - Apparel and Shoes industry, shows potential for another earnings beat. When looking at the last two reports, this maker of high-end shoes and handbags has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 16.65%, on average, in the last two quarters. For the most recent quarter, Tapestry was expected to post earnings of $0.67 per share, but it reported $0.81 per share instead, representing a surprise of 20.90%. For the previous quarter, the consensus estimate was $1.45 per share, while it actually produced $1.63 per share, ...