V.F. Corporation (NYSE:VFC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.54%.
V.F. Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25.26% to $2.43 in the quarter versus EPS of $1.94 in the year-earlier quarter.
Revenue: Rose 2.17% to $2.61 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: V.F. Corporation reported adjusted EPS income of $2.43 per share. By that measure, the company beat the mean analyst estimate of $2.18. It missed the average revenue estimate of $2.64 billion.
Quoting Management: “VF’s first quarter performance is a great example of our strong business model, disciplined execution and our ability to leverage all aspects of our portfolio,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “The combination of powerful brands and strong operating platforms creates a unique engine capable of delivering consistent, long-term shareholder value. With a strong start to the year, we’re well positioned to achieve our full year goals.”
Key Stats (on next page)…
Revenue decreased 13.89% from $3.03 billion in the previous quarter. EPS decreased 20.85% from $3.07 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.24 to a profit $1.19. For the current year, the average estimate has moved down from a profit of $10.98 to a profit of $10.80 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)