In the latest close session, V.F. (VFC) was up +2.38% at $21.50. This change outpaced the S&P 500's 0.24% loss on the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
Heading into today, shares of the maker of brands such as Vans, North Face and Timberland had gained 28.99% over the past month, outpacing the Consumer Discretionary sector's gain of 4.15% and the S&P 500's gain of 6.42%.
The investment community will be paying close attention to the earnings performance of V.F. in its upcoming release. The company is predicted to post an EPS of $0, indicating a 100% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.13 billion, reflecting a 0.72% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.84 per share and revenue of $9.34 billion, indicating changes of +13.51% and -3.15%, respectively, compared to the previous year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 4.68% rise in the Zacks Consensus EPS estimate. V.F. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, V.F. is currently trading at a Forward P/E ratio of 18.39. This represents a premium compared to its industry average Forward P/E of 17.86.
We can additionally observe that VFC currently boasts a PEG ratio of 1.05. 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. VFC's industry had an average PEG ratio of 2.02 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 94, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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V.F. Corporation (VFC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).