VF Corp Fourth Quarter Earnings Sneak Peek

The Cheat Sheet

S&P 500 component VF Corp will unveil its latest earnings on Thursday, February 16, 2012. V.F. is an apparel company that designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages.

VF Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $2.30 per share, a rise of 29.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $2.33. Between one and three months ago, the average estimate moved down. It also has dropped from $2.32 during the last month. Analysts are projecting profit to rise by 27% compared to last year’s $8.18.

Past Earnings Performance: Last quarter, the company beat estimates by 32 cents, coming in at net income of $2.87 a share versus the estimate of profit of $2.55 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $2.89 billion in revenue this quarter, a rise of 35.7% from the year-ago quarter. Analysts are forecasting total revenue of $9.43 billion for the year, a rise of 22.5% from last year’s revenue of $7.7 billion.

Analyst Ratings: Analysts are bullish on this stock, with 11 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose 23.9% to $300.7 million ($2.69 a share) from $242.8 million ($2.22 a share) the year earlier, exceeding analyst expectations. Revenue rose 23.2% to $2.75 billion from $2.23 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 15.4%, with the biggest boost coming in the most recent quarter when revenue rose 23.2% from the year earlier quarter.

The company has seen net income rise in three consecutive quarters. Net income rose 16.7% in the second quarter and 22.7% in the first quarter.

Stock Price Performance: Between December 13, 2011 and February 10, 2012, the stock price had risen $9.43 (7.2%), from $131.59 to $141.02. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011, when shares rose for seven straight days, increasing 11.7% (+$13.25) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 7.3% (-$9.90) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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