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.
Foot Locker (FL) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Foot Locker (FL - Free Report) closed at $55.35 in the latest trading session, marking a +0.27% move from the prior day. This change outpaced the S&P 500's 0.68% loss on the day. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 1.46%.
Coming into today, shares of the shoe store had lost 10.71% in the past month. In that same time, the Retail-Wholesale sector lost 3.06%, while the S&P 500 lost 1.19%.
FL will be looking to display strength as it nears its next earnings release, which is expected to be May 24, 2019. On that day, FL is projected to report earnings of $1.61 per share, which would represent year-over-year growth of 11.03%. Meanwhile, our latest consensus estimate is calling for revenue of $2.11 billion, up 3.99% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.19 per share and revenue of $8.33 billion. These totals would mark changes of +10.19% and +4.91%, respectively, from last year.
Any recent changes to analyst estimates for FL should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% lower. FL is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that FL has a Forward P/E ratio of 10.63 right now. Its industry sports an average Forward P/E of 12.77, so we one might conclude that FL is trading at a discount comparatively.
We can also see that FL currently has a PEG ratio of 1.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.22 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Foot Locker (FL) Gains As Market Dips: What You Should Know
Foot Locker (FL - Free Report) closed at $55.35 in the latest trading session, marking a +0.27% move from the prior day. This change outpaced the S&P 500's 0.68% loss on the day. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 1.46%.
Coming into today, shares of the shoe store had lost 10.71% in the past month. In that same time, the Retail-Wholesale sector lost 3.06%, while the S&P 500 lost 1.19%.
FL will be looking to display strength as it nears its next earnings release, which is expected to be May 24, 2019. On that day, FL is projected to report earnings of $1.61 per share, which would represent year-over-year growth of 11.03%. Meanwhile, our latest consensus estimate is calling for revenue of $2.11 billion, up 3.99% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.19 per share and revenue of $8.33 billion. These totals would mark changes of +10.19% and +4.91%, respectively, from last year.
Any recent changes to analyst estimates for FL should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% lower. FL is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that FL has a Forward P/E ratio of 10.63 right now. Its industry sports an average Forward P/E of 12.77, so we one might conclude that FL is trading at a discount comparatively.
We can also see that FL currently has a PEG ratio of 1.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.22 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.