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The Best Options Trade for Foot Locker (FL) Earnings

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On Friday, November 18th, Foot Locker (FL - Free Report) will release its third quarter earnings results before the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of B.

Dave will look at Foot Locker’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Foot Locker ahead of earnings.

Foot Locker in Focus

Foot Locker, Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company operates in two business segments, the Global Athletic Group and the Northern Group. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, The Northern Group consists of four apparel formats: Northern Reflections, Northern Traditions, Northern Getaway and Northern Elements.

Foot Locker is expected to report earnings at $1.11 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 3.30% at $0.91 per share, beating estimates of $0.03 a share. They have an average earnings surprise of -3.14%.

FOOT LOCKER INC Price, Consensus and EPS Surprise

FOOT LOCKER INC Price, Consensus and EPS Surprise | FOOT LOCKER INC Quote

Bottom Line

How should investors play Foot Locker ahead of their earnings report? For insights on the best options trades, then tune in at 1:30pm CST this afternoon to see David’s thoughts.

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