2 Consumer Earnings Reports To Watch On Friday: Procter & Gamble And VF Corp
Procter & Gamble
The mega-cap consumer packaged goods provider is expected to report a 13.8 percent year-over-year decline in earnings, from $1.07 per share retrieved a year ago to $0.94 per share this quarter, according to Estimize.
The Street also envisions a marked deterioration in sales, from $20.792 billion in the first quarter of fiscal 2015 to $16.997 billion in the first quarter of fiscal 2016.
The crowd is slightly more bullish, and projects consensus earnings of $0.96 per share on revenue of $17.371 billion.
Expectations for VF Corp are substantially different.
For the third quarter of 2015, the Street is modeling consensus earnings of $1.12 per share on revenue of $3.671 billion, while the crowd is projecting consensus EPS of $1.13 on sales of $3.674 billion.
These figures compare to the earnings of $1.08 per share on revenue of $3.52 billion retrieved in the same quarter last year.
As can be seen in the chart above, VF’s earnings are clearly cyclical, and, as such, the results for the current quarter are substantially better than the figures seen last quarter.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Image Credit: Public Domain
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.