Markets
VFC

V.F. Corp. (VFC) Beats on Q1 Earnings, Retains Outlook

V.F. CorporationVFC posted first-quarter 2016 results, wherein earnings of 61 cents a share beat the Zacks Consensus Estimate of 59 cents but fell 9% from year-ago period. On a currency neutral basis, earnings per share remained flat.

On a currency neutral basis, earnings per share is expected to witness an increase of 11% (up 5% reported) compared with an adjusted earnings of $3.08 registered in 2015.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 and 2017 has declined over the last 7 days. Further, we observe that V.F. Corp. witnessed a positive earnings surprise of 3.4% in the quarter under review after two back to back quarters of negative earnings surprises.

Revenues: V.F. Corp. generated total revenue of $2,839.3 million that remained almost in line with the prior-year quarter but came ahead of the Zacks Consensus Estimate of $2,834 million. On currency neutral basis revenue was up 2%.

Management expects revenue to increase at a mid-single-digit percentage rate, comprising approximately one percentage point of adverse impact from changes in foreign currency.

Zacks Rank: Currently, V.F. Corp. carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

Check back later for our full write up on V.F. Corp.'s earnings report!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

V F CORP (VFC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

VFC

Other Topics

Earnings Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More