Stock Story -
Lifestyle clothing conglomerate VF Corp (NYSE:VFC) will be reporting results tomorrow after market close. Here's what to look for.
VF Corp missed analysts' revenue expectations by 1.5% last quarter, reporting revenues of $2.37 billion, down 13.4% year on year. It was a weak quarter for the company, with a miss of analysts' earnings and constant currency revenue estimates.
Is VF Corp a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting VF Corp's revenue to decline 11.5% year on year to $1.85 billion, a further deceleration from the 7.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.37 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. VF Corp has missed Wall Street's revenue estimates three times over the last two years.
Looking at VF Corp's peers in the apparel, accessories and luxury goods segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Levi's delivered year-on-year revenue growth of 7.8%, meeting analysts' expectations, and Kontoor Brands (NYSE:KTB) reported a revenue decline of 1.5%, topping estimates by 2.3%. Levi's traded down 15.7% following the results while Kontoor Brands was also down 1.6%.
Read the full analysis of Levi's and Kontoor Brands's results on StockStory.
There has been positive sentiment among investors in the apparel, accessories and luxury goods segment, with share prices up 3.3% on average over the last month. VF Corp is up 18.5% during the same time and is heading into earnings with an average analyst price target of $16.4 (compared to the current share price of $15.93).
![Earnings To Watch: VF Corp (VFC) Reports Q2 Results Tomorrow](https://d68-invdn-com.investing.com/content/pica1775ebde7a1487cafa760c807b25082.jpeg)