Market Overview

Will Foot Locker Beat Estimates Again This Quarter?


Foot Locker, Inc. (NYSE: FL) will announce its first quarter financial results before the market opens on Friday and, according to Estimize, both experts and the crowd anticipate a year-over-year decline in earnings.

In the first quarter of 2014, the company registered earnings of 1.11 per share on revenue of $1.868 billion. For the first quarter of 2015, Wall Street analysts are modeling consensus earnings of $0.90 per share on revenue of $1.872 billion. These estimates imply a reduction of almost 19 percent in earnings despite essentially flat revenue.

Related Link: Citi's Top 2 Athletic Apparel Stocks

The crowd is somewhat more confident than the Street, and expects earnings of $1.06 per share on revenue of $1.92 billion. Still, this estimate implies a 4.5 percent year-over-year decline in earnings.

Nonetheless, a couple more things should be noted from the chart above: (1) the earnings estimates imply a surge from the earnings reported in the last three quarter, and (2) the company has a history of surpassing consensus estimates, so a beat this quarter would not come across as totally unexpected.

Posted-In: Estimize ZacksPreviews Trading Ideas


Related Articles (FL)

View Comments and Join the Discussion!

U.S. Dollar Index Lower

Will Deere & Company Post Double-Digit Decline In Earnings?