03:17 PM EDT, 07/26/2024 (MT Newswires) -- VF (VFC) Q1 results are likely to meet analyst estimates amid expectations that the apparel and footwear company may trim its Supreme-adjusted free cash flow guidance, UBS said in an earnings preview note.

"VF's 1Q25 report will come in-line with market expectations," UBS analysts, including Jay Sole, said. "Our checks suggest VF

fundamentals are still not great and we expect VF to trim its Supreme-adjusted FCF guidance."

Last week, VF struck a deal to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash.

The report also said it did not expect VFC's big three brands to power its earnings past market expectations.

"We believe a fair outlook is already priced in to the consensus forecast, particularly for Vans and The North Face," the analysts said. The company plans to release its Q1 results Aug. 6.

UBS maintained its neutral rating on the stock with a price target of $12.

Price: 16.24, Change: +0.17, Percent Change: +1.06