VF Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component VF Corp (NYSE:VFC) will unveil its latest earnings on Thursday, July 21, 2011. VF Corporation is an apparel company that designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages. Your Ultimate Cheat Sheet To Consumer Confidence>>

VF Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.03 per share, a rise of 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 $1.07. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.03 during the last month. For the year, analysts are projecting net income of $7.31 per share, a rise of 13.5% 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 12 cents, reporting profit of $1.72 per share against a mean estimate of net income of $1.60 per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.74 billion in revenue this quarter, a rise of 9.4% from the year ago quarter. Analysts are forecasting total revenue of $8.47 billion for the year, a rise of 10% from last year’s revenue of $7.7 billion.

Analyst Ratings: Analysts are bullish on VF as nine analysts rate it as a buy, none rate it as a sell and nine rate it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 11.9% to $1.96 billion in first quarter. The figure rose 11% in the fourth quarter of the last fiscal year from the year earlier, climbed 6.6% in the third quarter of the last fiscal year from the year-ago quarter and 7.3% in the second quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 15.5%. The quarter with the biggest boost was the second quarter of the last fiscal year, which saw a 46.7% surge.

Competitors to Watch: Gap (NYSE:GPS), Sears Holdings (NASDAQ:SHLD), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Urban Outfitters (NASDAQ:URBN), Abercrombie & Fitch (NYSE:ANF), American Eagle Outfitters (NYSE:AEO), Aeropostale (NYSE:ARO), J.C. Penney (NYSE:JCP), Saks (NYSE:SKS), Macy’s (NYSE:M), Dillard’s (NYSE:DDS), Nordstrom (NYSE:JWN), True Religion Apparel, Inc. (NASDAQ:TRLG), Cherokee Inc. (NASDAQ:CHKE), and The Warnaco Group, Inc. (NYSE:WRC).

Stock Price Performance: During April 19, 2011 to July 15, 2011, the stock price had risen $11.79 (11.8%) from $100.06 to $111.85. The stock price saw one of its best stretches over the last year between December 3, 2010 and December 14, 2010 when shares rose for eight-straight days, rising 3.9% (+$3.23) over that span. It saw one of its worst periods between August 4, 2010 and August 13, 2010 when shares fell for eight-straight days, falling 5.7% (-$4.46) over that span. Shares are up $26.81 (+31.5%) year to date.

(Source: Xignite Financials)

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