Capri Holdings Ltd's stock surged 5.41% in pre-market trading on Wednesday, driven by optimistic earnings expectations ahead of the company's financial report.

According to earnings preview data, Capri Holdings Ltd is forecast to report fourth-quarter earnings per share of 13 cents, a significant improvement compared to a loss of $5.44 per share in the same period last year. The adjusted earnings per share is expected to be 12 cents.

This anticipated turnaround from loss to profit appears to be fueling investor optimism and driving the pre-market price increase as traders position themselves ahead of the official earnings release.