Foot Locker (FL - Free Report) closed at $56.29 in the latest trading session, marking a -0.2% move from the prior day. This change lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 1.13%, and the Nasdaq, a tech-heavy index, added 1.51%.
Coming into today, shares of the shoe store had gained 17.65% in the past month. In that same time, the Retail-Wholesale sector gained 3.9%, while the S&P 500 gained 1.92%.
Investors will be hoping for strength from FL as it approaches 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.
FL's full-year Zacks Consensus Estimates are calling for earnings of $4.50 per share and revenue of $7.84 billion. These results would represent year-over-year changes of +9.49% and +0.69%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.23% higher. FL is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that FL has a Forward P/E ratio of 12.52 right now. Its industry sports an average Forward P/E of 13.98, so we one might conclude that FL is trading at a discount comparatively.
Meanwhile, FL's PEG ratio is currently 1.67. 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. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.46 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.