Breaking News
Get 45% Off 0
Is it finally time to sell Nvidia ahead of earnings?
Read More

Finish Line (FINL) Posts Narrower-Than-Expected Loss In Q3

By Zacks Investment ResearchStock MarketsDec 20, 2017 08:52PM ET
www.investing.com/analysis/finish-line-finl-posts-narrowerthanexpected-loss-in-q3-200275129
Finish Line (FINL) Posts Narrower-Than-Expected Loss In Q3
By Zacks Investment Research   |  Dec 20, 2017 08:52PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
FINL
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The Finish Line, Inc. (NASDAQ:FINL) came out with third-quarter fiscal 2018 results, wherein adjusted loss from continuing operations of 26 cents per share came narrower than the Zacks Consensus Estimate of a loss of 37 cents. However, the company reported adjusted loss of 24 cents in the prior-year period.

The Finish Line, Inc. Price, Consensus and EPS Surprise

The Finish Line, Inc. Price, Consensus and EPS Surprise | The Finish Line, Inc. Quote

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has remained stable over the last 30 days. However, in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 13.2%.

Revenues: Finish Line generated net sales of nearly $378.5 million that increased 1.8% year over year and also came ahead of the Zacks Consensus Estimate of $361 million. Also, comparable store sales inched up 0.8%.

Outlook: Following the results, the company updated its fiscal 2018 outlook. For fiscal 2018, which will have an additional 53rd week, the company expects earnings to come in a band of 59-67 cents per share, up from the earlier guidance of 50-60 cents. Further, comps are anticipated to decline in the band of 2-3%.

For the fiscal fourth quarter, earnings are envisioned in the band of 50-58 cents per share. Further, comps are expected to fall in the band of 3-5%.

Zacks Rank: Currently, Finish Line carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stock Movement: Finish Line shares rose 7.9% during the pre-market trading hours following the better-than-expected quarterly results.

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

Click here for Zacks' private trades >>



The Finish Line, Inc. (FINL): Free Stock Analysis Report

Original post

Zacks Investment Research

Finish Line (FINL) Posts Narrower-Than-Expected Loss In Q3
 

Related Articles

Finish Line (FINL) Posts Narrower-Than-Expected Loss In Q3

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email