Strong Quarterly Reports from V.F. Corporation, Flex, and ADP Highlight Their Growth
This week brings exciting earnings results from key tech players, but some companies outside the spotlight are also turning heads with impressive financial performance.
V.F. Corporation – VFC
EPS Surprise: 82.35%
First up is V.F. Corporation VFC, a leader in textile apparel, which boasts a Zacks Rank #1 (Strong Buy). The company significantly exceeded expectations in its fiscal third quarter, posting earnings of $0.62 per share, far surpassing estimates of $0.34.
This marks an increase from $0.54 per share in the same quarter last year, demonstrating V.F. Corporation’s effective focus on its niche market, which includes surf and skate footwear.
Analysts have been revising their earnings estimates upward for fiscal 2025 and fiscal 2026, with a notable 9% increase in EPS forecasts over the past month.
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Flex – FLEX
EPS Surprise: 20.31%
Next is Flex FLEX, an electronics manufacturer with a Zacks Rank #2 (Buy). The company reported an EPS of $0.77, surpassing estimates of $0.64 by 20%. This marks a steady performance against last year’s earnings of $0.71.
With operations in 30 countries, Flex has impressively beaten Zacks Consensus EPS estimates for 22 consecutive quarters and trades at a forward earnings multiple of 16.5.
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Automatic Data Processing – ADP
EPS Surprise: 3.52%
Finally, we have Automatic Data Processing ADP, which achieved a modest EPS surprise of 3.52%. For its fiscal second quarter, ADP posted earnings of $2.35 per share, up 10% from a year ago and above the expected $2.27.
With a Zacks Rank #2 (Buy), ADP saw its stock reach a new 52-week high of $311, supported by an 8% EPS growth forecast for both FY25 and FY26. The company is also recognized as a ‘Dividend King’ for raising its dividend for 50 consecutive years.
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Bottom Line
With impressive quarterly earnings and sales performance, V.F. Corporation, Flex, and ADP are certainly stocks investors should keep an eye on in the coming weeks.
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Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report
V.F. Corporation (VFC): Free Stock Analysis Report
Flex Ltd. (FLEX): Free Stock Analysis Report
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
