Can VF Beat These Numbers?

VF (NYSE: VFC) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict VF's revenues will expand 18.1% and EPS will contract -15.2%.

The average estimate for revenue is $2.17 billion. On the bottom line, the average EPS estimate is $0.95.

Revenue details
Last quarter, VF reported revenue of $2.56 billion. GAAP reported sales were 31% higher than the prior-year quarter's $1.96 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $1.94. GAAP EPS of $1.91 for Q1 were 4.9% higher than the prior-year quarter's $1.82 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 45.7%, 150 basis points worse than the prior-year quarter. Operating margin was 12.3%, 170 basis points worse than the prior-year quarter. Net margin was 8.4%, 180 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $11.08 billion. The average EPS estimate is $9.49.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 453 members out of 478 rating the stock outperform, and 25 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 152 give VF a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VF is outperform, with an average price target of $156.72.

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