S&P 500 (NYSE:SPY) component VF Corp (NYSE:VFC) will unveil its latest earnings on Friday, April 27, 2012. V.F. is an apparel company that designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages.
VF Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.88 per share, a rise of 9.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.03. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.88 during the last month. For the year, analysts are projecting net income of $9.39 per share, a rise of 16.8% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of $2.32 per share against a mean estimate of net income of $2.30 per share.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 24.5% in revenue from the year-earlier quarter to $2.44 billion.
Analyst Ratings: Analysts are high on the stock, with 11 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.
A Look Back: In the fourth quarter of the last fiscal year, profit rose more than fourfold to $257.3 million ($2.29 a share) from $54.2 million (50 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 36.9% to $2.91 billion from $2.13 billion.
The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 21.9% over the last four quarters.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 16.7% in the second quarter of the last fiscal year and 23.9% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.
Stock Price Performance: Between January 26, 2012 and April 23, 2012, the stock price rose $19.23 (14.7%), from $130.89 to $150.12. The stock price saw one of its best stretches over the last year between March 14, 2012 and March 22, 2012, when shares rose for seven straight days, increasing 1.4% (+$2.01) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 7.3% (-$9.85) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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