Can VF Meet These Numbers?

Checking expectations

Seth Jayson
Seth Jayson
Feb 11, 2013 at 12:00AM
Other

VF (NYSE: VFC) is expected to report Q4 earnings on Feb. 15. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict VF's revenues will expand 5.6% and EPS will grow 31.0%.

The average estimate for revenue is $3.07 billion. On the bottom line, the average EPS estimate is $3.04.

Revenue details
Last quarter, VF reported revenue of $3.15 billion. GAAP reported sales were 14% higher than the prior-year quarter's $2.75 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $3.52. GAAP EPS of $3.42 for Q3 were 27% higher than the prior-year quarter's $2.69 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 46.7%, 140 basis points better than the prior-year quarter. Operating margin was 17.1%, 150 basis points better than the prior-year quarter. Net margin was 12.1%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.92 billion. The average EPS estimate is $9.60.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 475 members out of 498 rating the stock outperform, and 23 members rating it underperform. Among 181 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 179 give VF a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VF is outperform, with an average price target of $169.33.

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