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Foot Locker (FL) Gains As Market Dips: What You Should Know
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Foot Locker (FL - Free Report) closed at $47.91 in the latest trading session, marking a +1.12% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.58%. Meanwhile, the Dow lost 1.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Heading into today, shares of the shoe store had lost 10.54% over the past month, lagging the Retail-Wholesale sector's loss of 5.53% and the S&P 500's loss of 6.62% in that time.
FL will be looking to display strength as it nears its next earnings release, which is expected to be March 1, 2019. In that report, analysts expect FL to post earnings of $1.35 per share. This would mark year-over-year growth of 7.14%. Our most recent consensus estimate is calling for quarterly revenue of $2.16 billion, down 2.41% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.50 per share and revenue of $7.84 billion, which would represent changes of +9.49% and +0.69%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for FL. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.95% higher. FL is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, FL currently has a Forward P/E ratio of 10.52. For comparison, its industry has an average Forward P/E of 13.18, which means FL is trading at a discount to the group.
Meanwhile, FL's PEG ratio is currently 1.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FL's industry had an average PEG ratio of 1.32 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Foot Locker (FL) Gains As Market Dips: What You Should Know
Foot Locker (FL - Free Report) closed at $47.91 in the latest trading session, marking a +1.12% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.58%. Meanwhile, the Dow lost 1.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Heading into today, shares of the shoe store had lost 10.54% over the past month, lagging the Retail-Wholesale sector's loss of 5.53% and the S&P 500's loss of 6.62% in that time.
FL will be looking to display strength as it nears its next earnings release, which is expected to be March 1, 2019. In that report, analysts expect FL to post earnings of $1.35 per share. This would mark year-over-year growth of 7.14%. Our most recent consensus estimate is calling for quarterly revenue of $2.16 billion, down 2.41% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.50 per share and revenue of $7.84 billion, which would represent changes of +9.49% and +0.69%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for FL. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.95% higher. FL is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, FL currently has a Forward P/E ratio of 10.52. For comparison, its industry has an average Forward P/E of 13.18, which means FL is trading at a discount to the group.
Meanwhile, FL's PEG ratio is currently 1.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FL's industry had an average PEG ratio of 1.32 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.