What's Going On With V.F. Corporation Stock?
Portfolio Pulse from Ryan Gustafson
V.F. Corporation (NYSE:VFC) shares are trading higher on Thursday, rebounding from a recent post-earnings slide. The stock had fallen over 27% in the past five days due to mixed second-quarter results. The company posted quarterly earnings of 63 cents per share, below the analyst consensus estimate of 66 cents. Sales were at $3.03 billion, beating the analyst consensus estimate of $3.02 billion. The company also reduced its Free Cash Flow for the full-year 2024 to approximately $600 million, versus the previous guidance of approximately $900 million.
November 02, 2023 | 7:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
V.F. Corporation's stock is rebounding after a significant drop due to mixed Q2 results. The company also reduced its Free Cash Flow guidance for 2024, which may have contributed to the initial drop.
The stock is rebounding after a significant drop due to mixed Q2 results and a reduction in Free Cash Flow guidance for 2024. This indicates that investors may have overreacted to the news, and the stock is now correcting. However, the reduced Free Cash Flow guidance could still impact the stock negatively in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100