What Does Wall Street See for VF's Q3?

Seth Jayson, The Motley Fool
Updated

VF (NYS: VFC) is expected to report Q3 earnings on Oct. 22. 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 grow 14.8% and EPS will grow 21.6%.

The average estimate for revenue is $3.16 billion. On the bottom line, the average EPS estimate is $3.49.


Revenue details
 Last quarter, VF logged revenue of $2.14 billion. GAAP reported sales were 16% higher than the prior-year quarter's $1.84 billion.

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 $1.11. GAAP EPS of $1.40 for Q2 were 20% higher than the prior-year quarter's $1.17 per share.

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 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

The full year's average estimate for revenue is $10.96 billion. The average EPS estimate is $9.54.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 456 members out of 483 rating the stock outperform, and 27 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 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 What Does Wall Street See for VF's Q3? originally appeared on Fool.com.

Seth Jayson had 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. The Motley Fool has no positions in the stocks mentioned above. 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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