VF Corp reports results for the quarter ended March 31 - Earnings Summary

• VF Corp VFC.N reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -32 cents. The mean expectation of twenty analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -20 cents to -3 cents per share.

• Revenue fell 9.7% to $2.14 billion from a year ago; analysts expected $2.18 billion.

• VF Corp's reported EPS for the quarter was a loss of 39 cents​.

• The company reported a quarterly loss of $150.79 million.

• VF Corp shares had fallen by 7.0% this quarter and lost 32.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $17.00

This summary was machine generated from LSEG data May 21 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)