VF Corp reports results for the quarter ended December 31 - Earnings Summary

• VF Corp VFC.N reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 28 cents to 43 cents per share.

• Revenue fell 4.3% to $2.83 billion from a year ago; analysts expected $2.75 billion.

• VF Corp's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $167.78 million.

• VF Corp shares had risen by 23.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 14 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the apparel & accessories peer group is also "hold"

Wall Street's median 12-month price target for VF Corp is $23.00

This summary was machine generated from LSEG data January 29 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)