We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
V.F. Corp (VFC) to Report Q1 Earnings: What's in the Offing?
Read MoreHide Full Article
V.F. Corporation (VFC - Free Report) is slated to report first-quarter fiscal 2021 results on Jul 31, before the opening bell. This lifestyle apparel designer player delivered an earnings surprise of 433.3% in the last reported quarter. Moreover, the company’s earnings outpaced the Zacks Consensus Estimate by 109.8%, on average, in the trailing four quarters.
The Zacks Consensus Estimate for fiscal first-quarter bottom line of a loss of 64 cents per share suggests a significant decline of 313.3% from the year-ago period’s reported figure. Moreover, it has been unchanged over the past 30 days. The consensus mark for revenues is pegged at $963.2 million, indicating a decrease of 57.6% from the figure reported in the year-ago quarter.
Key Factors to Note
V.F. Corp is on track to reopen stores in a phased manner after the temporary store closures due to the COVID-19 outbreak. All its retail stores in the Asia-Pacific region that were reopened by the end of fourth-quarter fiscal 2020 are witnessing improved store traffic. Also, the company is on track with reopening stores in the EMEA region. This is likely to have provided some cushion to the company’s top line in the fiscal first quarter.
Further, its solid digital performance made up for the loss of sales due to store closures stemming from the COVID-19 situation. This can be attributable to robust growth in Vans, The North Face, Dickies and other emerging brands. Encouragingly, the company has allotted 80% of its total investments in fiscal 2021 for enhancing digital capabilities.
However, lower demand and temporary store closures in some parts will continue to mar the company’s top line. Due to the continued impacts of COVID-19, management in its last earnings call expected revenues to decline slightly more than 50% in first-quarter fiscal 2021.
Our proven model does not conclusively predict an earnings beat for V.F. Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
V.F. Corp carries a Zacks Rank #3 but an Earnings ESP of 0.00%, which makes surprise prediction difficult.
Stocks With Favorable Combinations
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season.
Rent-A-Center currently has an Earnings ESP of +3.39% and a Zacks Rank #3.
Spectrum Brands (SPB - Free Report) currently has an Earnings ESP of +4.85% and a Zacks Rank #3.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
V.F. Corp (VFC) to Report Q1 Earnings: What's in the Offing?
V.F. Corporation (VFC - Free Report) is slated to report first-quarter fiscal 2021 results on Jul 31, before the opening bell. This lifestyle apparel designer player delivered an earnings surprise of 433.3% in the last reported quarter. Moreover, the company’s earnings outpaced the Zacks Consensus Estimate by 109.8%, on average, in the trailing four quarters.
The Zacks Consensus Estimate for fiscal first-quarter bottom line of a loss of 64 cents per share suggests a significant decline of 313.3% from the year-ago period’s reported figure. Moreover, it has been unchanged over the past 30 days. The consensus mark for revenues is pegged at $963.2 million, indicating a decrease of 57.6% from the figure reported in the year-ago quarter.
Key Factors to Note
V.F. Corp is on track to reopen stores in a phased manner after the temporary store closures due to the COVID-19 outbreak. All its retail stores in the Asia-Pacific region that were reopened by the end of fourth-quarter fiscal 2020 are witnessing improved store traffic. Also, the company is on track with reopening stores in the EMEA region. This is likely to have provided some cushion to the company’s top line in the fiscal first quarter.
Further, its solid digital performance made up for the loss of sales due to store closures stemming from the COVID-19 situation. This can be attributable to robust growth in Vans, The North Face, Dickies and other emerging brands. Encouragingly, the company has allotted 80% of its total investments in fiscal 2021 for enhancing digital capabilities.
However, lower demand and temporary store closures in some parts will continue to mar the company’s top line. Due to the continued impacts of COVID-19, management in its last earnings call expected revenues to decline slightly more than 50% in first-quarter fiscal 2021.
V.F. Corporation Price and EPS Surprise
V.F. Corporation price-eps-surprise | V.F. Corporation Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for V.F. Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
V.F. Corp carries a Zacks Rank #3 but an Earnings ESP of 0.00%, which makes surprise prediction difficult.
Stocks With Favorable Combinations
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season.
Hanesbrands (HBI - Free Report) currently has an Earnings ESP of +120.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Rent-A-Center currently has an Earnings ESP of +3.39% and a Zacks Rank #3.
Spectrum Brands (SPB - Free Report) currently has an Earnings ESP of +4.85% and a Zacks Rank #3.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>