20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Foot Locker (NYSE:FL) announces its next round of earnings this Friday, May 24. Here is Benzinga's everything-that-matters guide for Friday's Q1 earnings announcement.
Earnings and Revenue
Foot Locker EPS is expected to be around $1.61, according to sell-side analysts. Sales will likely be near $2.11 billion.
Foot Locker EPS in the same period a year ago totaled $1.45. Revenue was $2.02 billion. If the company were to match the consensus estimate when it reports Friday, EPS would be up 11.03 percent. Sales would be up 4.20 percent from the year-ago period. Foot Locker's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 1.39 | 0.92 | 0.7 | 1.25 | 1.24 |
| EPS Actual | 1.56 | 0.95 | 0.75 | 1.45 | 1.26 |
Stock Performance
Shares of Foot Locker were trading at $54.2 as of May 23. Over the last 52-week period, shares are up 22.43 percent. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The most common rating by analysts on Foot Locker stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Foot Locker is scheduled to hold a conference call at 9:00 a.m. ET and it can be accessed here: https://engage.vevent.com/index.jsp?eid=8318&seid=32
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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