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On Friday, August 23, Foot Locker (NYSE:FL) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Sell-side analysts expect Foot Locker's EPS to be near 67 cents on sales of $1.82 billion.
Foot Locker EPS in the same period a year ago totaled 75 cents. Sales were $1.78 billion. If the company were to match the consensus estimate, earnings would be down 10.67%. Revenue would be up 2.13% from the year-ago period.
See Also: Foot Locker: A Potential Bullish Play Ahead Of Earnings
Here's how the company's EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
EPS Estimate | 1.610 | 1.39 | 0.92 | 0.7 |
EPS Actual | 1.530 | 1.56 | 0.95 | 0.75 |
Stock Performance
Over the last 52-week period, shares are down 24.02%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release. Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Foot Locker stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Foot Locker is scheduled to hold a conference call at 9:00 a.m. ET and can be accessed here: http://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10133597
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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