We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Finish Line (FINL) Q2 Earnings: Stock to Post a Beat Again?
Read MoreHide Full Article
We expect leading mall-based specialty retailer, Finish Line Inc. to beat expectations when it reports second-quarter fiscal 2017 results on Sep 23. Last quarter, the company had delivered a positive earnings surprise of 4.6%, which marked its second consecutive beat.
Our proven model shows that Finish Line is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. The Most Accurate estimate is 54 cents and the Zacks Consensus Estimate is pegged at 53 cents. So the ensuing +1.89% ESP and the company’s Zacks Rank #3 (Hold) make us reasonably confident of an earnings beat.
What is Driving the Better-than-Expected Earnings?
Management remained impressed with its performance in the last quarter – wherein despite a tough retail scenario, the company managed to top earnings and sales estimates, following which it retained its fiscal 2017 earnings and comparable store sales (comps) guidance. Coming to the second quarter, some analysts anticipate comps to witness a sequential improvement, gaining from the improved trends witnessed in the sneaker industry, backed by various product launches. Moreover, Finish Line’s second-quarter performance is expected to benefit from the Rio Summer Olympics that took place during the quarter.
These factors, along with the company’s progress with regard to supply-chain optimization and overall business execution bode well, thus making us reasonably confident about the upcoming results.
Stocks to Consider
Here 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:
Coca-Cola European Partners Plc has an Earnings ESP of +4.11% and a Zacks Rank #3.
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Finish Line (FINL) Q2 Earnings: Stock to Post a Beat Again?
We expect leading mall-based specialty retailer, Finish Line Inc. to beat expectations when it reports second-quarter fiscal 2017 results on Sep 23. Last quarter, the company had delivered a positive earnings surprise of 4.6%, which marked its second consecutive beat.
FINISH LINE-CLA Price and EPS Surprise
FINISH LINE-CLA Price and EPS Surprise | FINISH LINE-CLA Quote
Why a Likely Positive Surprise?
Our proven model shows that Finish Line is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. The Most Accurate estimate is 54 cents and the Zacks Consensus Estimate is pegged at 53 cents. So the ensuing +1.89% ESP and the company’s Zacks Rank #3 (Hold) make us reasonably confident of an earnings beat.
What is Driving the Better-than-Expected Earnings?
Management remained impressed with its performance in the last quarter – wherein despite a tough retail scenario, the company managed to top earnings and sales estimates, following which it retained its fiscal 2017 earnings and comparable store sales (comps) guidance. Coming to the second quarter, some analysts anticipate comps to witness a sequential improvement, gaining from the improved trends witnessed in the sneaker industry, backed by various product launches. Moreover, Finish Line’s second-quarter performance is expected to benefit from the Rio Summer Olympics that took place during the quarter.
These factors, along with the company’s progress with regard to supply-chain optimization and overall business execution bode well, thus making us reasonably confident about the upcoming results.
Stocks to Consider
Here 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:
Coca-Cola European Partners Plc has an Earnings ESP of +4.11% and a Zacks Rank #3.
Carnival Corp. (CCL - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fastenal Company (FAST - Free Report) has an Earnings ESP of +2.22% and a Zacks Rank #3.
See our video article on Finish Line's expected Q2 earnings here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>