Shares of VF Corp (NYSE:VF) gained in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2023. Earnings per share came in at $0.17, which beat analysts’ consensus estimate of $0.14 per share. Sales decreased by 2.8% year-over-year, with revenue hitting $2.74 billion. This beat analysts’ expectations of $2.72 billion.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
VF Corp management offered some projections as well for Fiscal Year 2024. Management looks for revenue to be flat or slightly up on a constant-dollar basis, owing to an increasing challenge in the U.S. wholesale market. Meanwhile, earnings per share are projected between $2.05 and $2.25, against a consensus figure of $2.08.
Overall, Wall Street has a consensus price target of $27.27 on VFC stock, implying 43.68% upside potential, as indicated by the graphic above.