(FINL - Free Report
missed the Zacks Consensus Estimate in three of the last seven
reports, and the misses haven't even been close. Misses of $0.03 and $0.46
translated into a misses of 300% and 1533%. The stock is now a
Zacks Rank #5
(Strong Sell) and today it is the Bear of the Day.
FINL beat the Zacks Consensus Estimate of $0.83 by $0.03
4% positive earnings surprise in the most recent quarter. Revenues came
in ahead of expectations at $580M for a 1.6% positive
The Finish Line is a specialty retailer of athletic shoes, apparel, and accessories. The company was founded in 1976 and is based in Indianapolis, Indiana.
Usually when a stock is the Bear of the Day, the earnings
history is filled with misses. This is not the case for FINL,
as there are only three misses in the last seven quarters.
Here is the real reason the stock is a Zacks Rank #5 (Strong
Sell) and the Bear of the Day. The Zacks Consensus Estimate
has fallen steadily over the last few months. The FY17
estimate stood at $1.91 in December but fell to $1.69 in
January and is now down to $1.54 in May.
Next year has seen estimates move from $2.11 in December to $1.74. That sort of move will send the Zacks Rank lower.
Zacks has developed a chart that helps investors see how
earnings estimates have
the price of the stock over the last several years. We call
this chart the
consensus chart, and each color coded lines represents
analyst estimates over a
designated year. As estimates increase, the stock tends to
follow. The Zacks
impacted by earnings estimate increases, beats and
incorporates the idea of
agreement and magnitude. As a
Zacks Rank #5 (Strong Sell) we see that estimates are moving
Follow Brian Bolan on twitter at
Brian Bolan is a Stock Strategist
for Zacks.com. He is the Editor in charge of the Zacks Stocks
Under $10, an
service , where he recommends the
stocks in the portfolio.
Brian also runs the brand new Zacks Game
Changers where he looks for stocks that are disrupting
industries and reaping big