VF Corp. Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

VF Corp. (NYS: VFC) reported earnings on July 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), VF met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.


Gross margins increased, operating margins shrank, net margins expanded.

Revenue details
VF tallied revenue of $2.14 billion. The 18 analysts polled by S&P Capital IQ anticipated revenue of $2.17 billion on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $1.84 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
EPS came in at $1.11. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.95 per share. GAAP EPS of $1.40 for Q2 were 20% higher than the prior-year quarter's $1.17 per share.

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

Margin details
For the quarter, gross margin was 46.1%, 20 basis points better than the prior-year quarter. Operating margin was 7.7%, 260 basis points worse than the prior-year quarter. Net margin was 7.3%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.19 billion. On the bottom line, the average EPS estimate is $3.54.

Next year's average estimate for revenue is $11.03 billion. The average EPS estimate is $9.49.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 456 members out of 481 rating the stock outperform, and 25 members rating it underperform. Among 161 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 158 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 $164.58.

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The article VF Corp. Beats Analyst Estimates on EPS originally appeared on Fool.com.

Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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