On Friday, November 17th, Foot Locker (NYSE:FL) will release its third quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), 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, Foot Locker.com. 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 $0.80 per share according to the Zacks Consensus Estimate. Last quarter they missed earnings expectations by -31.11%. They reported earnings at $0.62 per share, missing their estimate of $0.90. They have an average earnings surprise of -6.55% over the last 4 quarters.
Foot Locker, Inc. (FL): Free Stock Analysis Report
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