Foot Locker (FL - Free Report) closed at $56.09 in the latest trading session, marking a -1.96% move from the prior day. This change lagged the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.57%.
Coming into today, shares of the shoe store had lost 5.67% in the past month. In that same time, the Retail-Wholesale sector gained 3.67%, while the S&P 500 gained 4%.
FL will be looking to display strength as it nears its next earnings release, which is expected to be May 24, 2019. The company is expected to report EPS of $1.62, up 11.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.10 billion, up 3.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.20 per share and revenue of $8.27 billion, which would represent changes of +10.4% and +4.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for FL. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. FL is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note FL's current valuation metrics, including its Forward P/E ratio of 11. This valuation marks a discount compared to its industry's average Forward P/E of 13.58.
Also, we should mention that FL has a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FL's industry had an average PEG ratio of 1.33 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 102, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Foot Locker (FL - Free Report) closed at $56.09 in the latest trading session, marking a -1.96% move from the prior day. This change lagged the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.57%.
Coming into today, shares of the shoe store had lost 5.67% in the past month. In that same time, the Retail-Wholesale sector gained 3.67%, while the S&P 500 gained 4%.
FL will be looking to display strength as it nears its next earnings release, which is expected to be May 24, 2019. The company is expected to report EPS of $1.62, up 11.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.10 billion, up 3.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.20 per share and revenue of $8.27 billion, which would represent changes of +10.4% and +4.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for FL. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. FL is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note FL's current valuation metrics, including its Forward P/E ratio of 11. This valuation marks a discount compared to its industry's average Forward P/E of 13.58.
Also, we should mention that FL has a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FL's industry had an average PEG ratio of 1.33 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 102, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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