VF Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component VF Corp (NYSE:VFC) will unveil its latest earnings on Monday, October 24, 2011. 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 net income of $2.53 per share, a rise of 14% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $2.48. Between one and three months ago, the average estimate moved up. It has risen from $2.52 during the last month. Analysts are projecting profit to rise by 22.8% versus last year to $7.91.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 10 cents, reporting profit of $1.12 per share against a mean estimate of net income of $1.02 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 17% in revenue from the year-earlier quarter to $2.61 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the second quarter, profit rose 16.7% to $129.4 million ($1.17 a share) from $110.8 million ($1 a share) the year earlier, exceeding analyst expectations. Revenue rose 15.4% to $1.84 billion from $1.59 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 11.9% in the first quarter from the year earlier, climbed 11% in the fourth quarter of the last fiscal year from the year-ago quarter and 6.6% in the third 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 8%. The quarter with the biggest boost was the first quarter, which saw a 22.7% 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), Dussault Apparel Inc. (DUSS), VLOV Inc. (VLOV), Cherokee Inc. (NASDAQ:CHKE), and The Warnaco Group, Inc. (NYSE:WRC).

Stock Price Performance: During August 22, 2011 to October 18, 2011, the stock price had risen $27.04 (25.8%) from $104.82 to $131.86. 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% (+$3.20) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 7.3% (-$7.19) over that span. Shares are up $47.29 (+55.9%) year to date.

(Source: Xignite Financials)

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