NEW YORK (TheStreet) -- Michael Kors (KORS) stock is rising 0.90% to $42.17 on heavy trading volume Tuesday afternoon ahead of the company's fiscal 2016 fourth quarter financial report, due out Wednesday before the opening bell.
The London-based apparel and accessories company is expected deliver a year-over-year increase in earnings per share and revenue.
Wall Street is anticipating earnings of 97 cents per share on revenue of $1.15 billion for the latest quarter, compared with earnings of 90 cents per share on revenue of $1.08 billion for the same period last year.
Michael Kors could deliver an upside to consensus for the quarter, but weak handbag and watch trends still remain a concern, Deutsche Bank analysts said in a note released this morning.
The firm maintained a "buy" rating and a $56 price target on the stock.
So far today, 4.63 million shares of Michael Kors have exchanged hands, compared with its average daily volume of 3.09 million shares.
Separately, Michael Kors has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's growth in earnings per share, revenue growth and largely solid financial position with reasonable debt levels by most measures, which offsets generally disappointing stock performance and deteriorating net income.
You can view the full analysis from the report here: KORS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.