V.F. Corporation VFC, the designer, manufacturer and marketer of branded apparel and related products, is slated to report first-quarter 2016 results on Apr 29. The big question facing investors is, whether the company will be able to deliver a positive earnings surprise in the quarter to be reported. Notably, the company underperformed the Zacks Consensus Estimate in each of the last two quarters, by an average of 5.7%. Let’s see how things are shaping up for this announcement.Zacks Model Shows Unlikely Earnings BeatOur proven model does not conclusively show that V.F. Corp. is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. V.F. Corp. has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 59 cents. Moreover, the company carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions. V.F. Corporation (VFC) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompanyFactors Influencing this QuarterV.F. Corp. has been facing foreign currency headwinds for a while now, which remain a cause of concern for its future performance. Evidently, the company’s previous quarter was marred by a soft consumer environment, lingering currency headwinds and unseasonably warm weather.Management had earlier stated that it expects the currency headwinds to persist and weigh on the company’s 2016 performance. This is clearly reflected in the company’s guidance for the year, wherein it anticipates currency translations to adversely impact revenues and gross margin by nearly 1 percentage point and 70 basis points, respectively, thus denting the bottom line.In fact, the company expects the first quarter to bear the maximum impact of these adverse currency movements, which are anticipated to weigh on the gross margin by nearly 120 basis points. Thus, earnings for the first quarter are expected to fall at a low double-digit rate (or flat on a currency neutral basis).Stocks Poised to Beat Earnings EstimatesHere are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:Cabela's Incorporated CAB) has an Earnings ESP of +10.81% and a Zacks Rank #2 (Buy).Urban Outfitters Inc. URBN has an Earnings ESP of +8.00% and a Zacks Rank #2.The Home Depot, Inc. HD has an Earnings ESP of +1.50% and a Zacks Rank #2.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HOME DEPOT (HD): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research