Lifestyle clothing conglomerate VF Corp (NYSE:VFC) will be reporting results tomorrow morning. Here’s what investors should know.
VF Corp beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $2.76 billion, down 5.6% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is VF Corp a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting VF Corp’s revenue to decline 1.2% year on year to $2.75 billion, improving from the 21.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. VF Corp has missed Wall Street’s revenue estimates five times over the last two years.
Looking at VF Corp’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nike’s revenues decreased 7.7% year on year, beating analysts’ expectations by 2%, and United Airlines reported revenues up 7.8%, topping estimates by 2.4%. Nike’s stock price was unchanged after the results, while United Airlines was down 2.3%.
Read our full analysis of Nike’s results here and United Airlines’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 4.8% on average over the last month. VF Corp is up 21% during the same time and is heading into earnings with an average analyst price target of $22.66 (compared to the current share price of $25.99).
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