VF Earnings Preview: Analysts Predict Higher Earnings Over Prior Quarter
Get ready for VF (NYSE: VFC) earnings! Don't be the last to know: The company announces its next round of earnings this Thursday, July 21, 2011.
Want to know what analysts are expecting to see in VF's lastest earnings numbers? We thought so. Here's an advanced look at the company's second quarter earnings report.
Let's Do the Numbers:
Based on estimates, investors are readying for a positive EPS reading of $1.03 per share and revenues of $1.74 billion. We'll have to wait for Thursday to see if VF has accomplished the estimated 111% rise in EPS and 109% increase in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 | Q4 | Q3 | Q2 |
| EPS Estimate | $1.60 | $1.64 | $2.11 | $0.77 |
| EPS Actual | $1.72 | $1.78 | $2.22 | $1.00 |
Stock Performance:
At last check, shares of VF were trading at $111.85. Since January 1st, shares of VF have given investors a return of 31.5%. For a full 12 months, the return has risen by 34.5%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for VF is a Moderate Buy. This rating has strengthened over the past three months.
Competitors:
Wondering how some of the other consumer discretionary companies are doing? Here are a few of VF's peers in that sector.
- Warnaco Group (NYSE: WRC): Moderate Buy with a $1.10 recent quarter EPS
- Cherokee (NASDAQ: CHKE): $0.24 recent quarter EPS
- True Religion Apparel (TRLG): Hold with a $0.36 recent quarter EPS
Finally, a description of the main business areas of the company, in case you need a little refresher: VF is an apparel company that designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages.
Take Action:
Now that you have reviewed all the numbers, be ready to move if the upcoming VF earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.
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