Earnings Preview: VF's EPS, Revenue Expected to Rise
VF (NYSE: VFC) unveils its next round of earnings this Monday, October 24, 2011. Here is Benzinga's everything-that-matters guide for this Monday's third quarter earnings announcement.
Earnings and Revenue:
Analysts are predicting an EPS reading of $2.53/share and revenues of $2.61 billion. VF's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $2.22/share on revenues of $2.23 billion. We'll have to wait for Monday to see if VF falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $1.02 | $1.60 | $1.64 | $2.11 |
| EPS Actual | $1.12 | $1.72 | $1.78 | $2.22 |
Stock Performance:
As of October 18, 2011, VF's current share price was $131.86. Shares are up 55.9% year to date. For a full 12 months, the return has risen by 65.9%. 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. Over the past three months this rating's strength has declined slightly.
Competitors:
Wondering how VF compares to rivals in the same sector? Here are a few of the company's peers.
- True Religion Apparel (NASDAQ: TRLG): Hold with a $0.38 recent quarter EPS
- Warnaco Group (NYSE: WRC): Hold with a $0.82 recent quarter EPS
- Cherokee (NASDAQ: CHKE): $0.20 recent quarter EPS
The textile-apparel company's industry has seen price/earnings growth of 0.9% during the current fiscal year.
Finally, a description of the company's main areas of operation: V.F. 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've gotten an advanced peak at VF's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
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