Market Overview

Foot Locker's Earnings Outlook


Foot Locker (NYSE: FL) announces its next round of earnings this Friday, November 20. Here is Benzinga's everything-that-matters guide for this Friday's Q3 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts expect Foot Locker earnings of $0.61 per share. Revenue will likely be around $1.93 billion, according to the consensus estimate. In the same quarter last year, Foot Locker reported EPS of $1.13 on revenue of $1.93 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 46.02% decline in the company's EPS figure. Revenue would have fallen 0.1% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.57 0.49 1.60 1.08
EPS Actual 0.71 -0.67 1.63 1.13
Revenue Estimate 2.00 B 1.58 B 2.25 B 1.94 B
Revenue Actual 2.08 B 1.18 B 2.22 B 1.93 B

Stock Performance

Over the past 52-week period, shares of Foot Locker have declined 0.84%.

Do not be surprised to see the stock move on comments made during its conference call. Foot Locker is scheduled to hold the call at 09:00:00 ET and can be accessed here.


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Posted-In: Earnings