V.F. Corporation VFCis slated to release results for the transitional period ending Mar 31, 2018, on May 3, before the market opens. As previously announced, the company decided to change its fiscal year-end to the Saturday closest to Mar 31 from the current Saturday closest to Dec 31. This change was effective from Mar 31, 2018.
In the last reported quarter, the designer, manufacturer and marketer of branded apparel and related products delivered a negative earnings surprise of 0.98%. However, the company recorded an average positive surprise of 3.1% in the last four quarters.
What to Expect?
The question lingering on investors’ minds is whether V.F. Corp. will be able to deliver positive earnings surprise in the quarter to be reported. The Zacks Consensus Estimate for the quarter under review is 65 cents per share, reflecting a year-over-year decline of 18.2%. We note that the Zacks Consensus Estimate has been stable ahead of the earnings release. Analysts polled by Zacks anticipate revenues of $2.9 billion, up 12.8% from the year-ago quarter.