Foot Locker Will Report Its 3Q17 Results on November 17
Foot Locker’s 3Q17 results
Foot Locker (FL) is expected to release it 3Q17 results on November 17, 2017.
Wall Street analysts expect Foot Locker’s earnings to fall 29% YoY (year-over-year) to $0.80 per share on total sales of $1.83 billion.
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The company’s performance wasn’t impressive during the first half of the current fiscal year. It missed the revenue and earnings expectations in the first and second quarter.
The earnings per share fell 2.2% YoY in 1Q17 and 34% YoY in 2Q17. In comparison, Wall Street expected the earnings to fall 4.3% and 0.5%.
So far this year, the total sales have fallen 1.7% YoY to $3.7 billion.
Valuations summary and stock recommendations
Currently, Foot Locker is trading at one-year forward PE (price-to-earnings) ratio of 7.9x—compared to the three-year average PE ratio of 13.5x. The company trades at a discount to other major speciality athletic retailers and sportswear companies.
Foot Locker is covered by 21 Wall Street analysts—33% rated the stock as a “buy,” 57% rated it as a “hold,” and 10% rated it as a “sell.”
With a market capitalization of $3.8 billion as of November 9, 2017, Foot Locker accounts for 2.7% of the iShares Edge MSCI Multifactor Consumer Discretionary ETF (CNDF).
What’s in this series?
In this series, we’ll provide a preview of Foot Locker’s 3Q17 results. We’ll discuss the company’s year-to-date financial performance, Wall Street analysts’ ratings, and its stock market performance.