VF Corp VFC.N reported a quarterly adjusted loss of 24 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of twenty analysts for the quarter was for a loss of 34 cents per share. Wall Street expected results to range from -41 cents to -29 cents per share.
Revenue fell 7.7% to $1.76 billion from a year ago; analysts expected $1.70 billion.
VF Corp's reported EPS for the quarter was a loss of 30 cents.
The company reported a quarterly loss of $116.41 million.
VF Corp shares had risen by 5.5% this quarter and lost 42.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 44.9% in the last three months.
In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 18 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for VF Corp is $13.00, about 4.6% above its last closing price of $12.40
This summary was machine generated from LSEG data July 30 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)