NEW YORK (TheStreet) -- Luxury goods retailer Michael Kors (KORS) is scheduled to report its fiscal 2015 fourth quarter earnings results before the market open on Wednesday morning. Analysts are expecting the company to post a year-over-year increase in earnings and revenue for the most recent quarter.
Michael Kors has been forecast to report earnings of 91 cents per share on revenue of $1.09 billion for the 2015 fourth quarter.
Last year, the company said it earned 78 cents per diluted share on revenue of $917.5 million for the fiscal 2014 fourth quarter. Both figures grew by more than 50% when compared to the 2013 fourth quarter.
Michael Kors is a retailer of high end products including handbags, accessories, shoes, apparel, and jewelry.
Shares of Michael Kors are lower by 0.41% to $61.38 at the start of trading on Tuesday.
Separately, TheStreet Ratings team rates MICHAEL KORS HOLDINGS LTD as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICHAEL KORS HOLDINGS LTD (KORS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."