In the latest close session, V.F. (VFC) was down 3.03% at $14.06. The stock's performance was behind the S&P 500's daily loss of 0.25%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
The maker of brands such as Vans, North Face and Timberland's stock has climbed by 10.77% in the past month, exceeding the Consumer Discretionary sector's loss of 8.16% and the S&P 500's loss of 0.42%.
The investment community will be paying close attention to the earnings performance of V.F. in its upcoming release. The company's upcoming EPS is projected at $0.51, signifying a 1.92% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.7 billion, indicating a 3.81% decrease compared to the same quarter of the previous year.
VFC's full-year Zacks Consensus Estimates are calling for earnings of $1.08 per share and revenue of $9.55 billion. These results would represent year-over-year changes of +31.71% and -0.55%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for V.F. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 1.25% rise in the Zacks Consensus EPS estimate. At present, V.F. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, V.F. is presently being traded at a Forward P/E ratio of 13.38. This valuation marks a discount compared to its industry average Forward P/E of 15.22.
Meanwhile, VFC's PEG ratio is currently 0.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Textile - Apparel was holding an average PEG ratio of 1.79 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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V.F. Corporation (VFC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).