V.F. Corporation (VFC - Free Report) has posted strong fourth-quarter fiscal 2019 results, wherein the top and bottom lines surpassed estimates and improved year over year. With this, it delivered the seventh top and bottom-line beat in the last eight quarters.
Despite the robust fiscal fourth-quarter results, shares of the company dropped 5.8% during pre-market trading. Analysts attributed the decline in shares to the completion of the Kontoor Brands spin-off. Additionally, the company’s forecasts for fiscal 2020 were below analysts’ expectations. However, this Zacks Rank #2 (Buy) stock has improved 5.9% in the past three months, outperforming the industry’s 0.8% growth.
The company’s adjusted earnings per share of 60 cents improved 10% year over year, surpassing the Zacks Consensus Estimate of 58 cents. Earnings included contribution of 1 cent per share from acquisitions, net of divestitures and 4 cents per share of incremental investment. On a constant-dollar basis, adjusted earnings rose 4%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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V.F. Corporation (VFC - Free Report) has posted strong fourth-quarter fiscal 2019 results, wherein the top and bottom lines surpassed estimates and improved year over year. With this, it delivered the seventh top and bottom-line beat in the last eight quarters.
Despite the robust fiscal fourth-quarter results, shares of the company dropped 5.8% during pre-market trading. Analysts attributed the decline in shares to the completion of the Kontoor Brands spin-off. Additionally, the company’s forecasts for fiscal 2020 were below analysts’ expectations. However, this Zacks Rank #2 (Buy) stock has improved 5.9% in the past three months, outperforming the industry’s 0.8% growth.
The company’s adjusted earnings per share of 60 cents improved 10% year over year, surpassing the Zacks Consensus Estimate of 58 cents. Earnings included contribution of 1 cent per share from acquisitions, net of divestitures and 4 cents per share of incremental investment. On a constant-dollar basis, adjusted earnings rose 4%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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