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VF's Earnings: A Preview

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VF (NYSE:VFC) will be releasing its next round of earnings this Friday, October 16. For all of the relevant information, here is your guide for Friday's Q2 earnings announcement.

Earnings and Revenue

VF EPS is expected to be around $0.49, according to sell-side analysts. Sales will likely be near $2.50 billion. In the same quarter last year, VF reported earnings per share of $1.26 on sales of $3.39 billion. If the company were to report earnings in line when it publishes results Friday, earnings would be down 61.11%. Sales would be down 26.32% on a year-over-year basis. Here is how the VF's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2020 Q2 2019
EPS Estimate -0.67 0.13 1.21 1.31
EPS Actual -0.57 0.10 1.23 1.26
Revenue Estimate 980.22 M 2.31 B 3.44 B 3.42 B
Revenue Actual 1.08 B 2.10 B 3.38 B 3.39 B

Stock Performance

Shares of VF were trading at $75.75 as of October 14. Over the last 52-week period, shares are down 18.11%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. VF is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://78449.themediaframe.com/dataconf/productusers/vfc/mediaframe/39562/indexl.html

 

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