Foot Locker, Inc. (NYSE:FL) is set to announce third quarter earning results on Friday 20th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FL to report 3Q20 income of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 7424.53 million, while looking forward to income of $ 1.87 per share bottom line.
Previous Quarter Performance
Foot Locker, Inc. revealed income for the second quarter of $ 0.55 per share, from the sales of $ 1,774.00 million, On adjusted basis, FL reported income for the quarter of $ 0.66 per share. The quarterly earnings fell 26.67 percent while revenues reduced 0.45 percent compared with the same quarter last year. Wall street analysts are predicting, FL to report 2Q20 income of $ 0.67 per share from sales of $ 1822.97 million. The bottom line results missed street analysts by $ 0.01 or 1.49 percent, at the same time, top line results fell short of analysts by $ 48.97 million or 2.69 percent.
Stock Performance
Shares of Foot Locker, Inc. traded up $ 1.39 or 3.48 percent on Thursday, reaching $ 41.33 with volume of 2.55 million shares. Foot Locker, Inc. has traded high as $ 41.51 and has cracked $ 39.32 on the downward trend
According to the previous trading day, closing price of $ 41.33, representing a 128.75 % increase from the 52 week low of $ 17.46 and a 6.02 % decrease over the 52 week high of $ 42.50.
The company has a market capital of $ 4.31 billion and is part of the Consumer Cyclical sector and Footwear & Accessories industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 31.00 target price.
- On 13th October 2020, upgraded by Bank of America to Buy from Underperform rating, with $ 50.00 target price.
- On 7th October 2020, upgraded by Barclays to Overweight from Equal-Weight rating.
Conference Call
Foot Locker, Inc. will be hosting a conference call at 9:00 AM eastern time on 20th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-844-701-1163 Toll Free or 1-412-317-5490 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.footlocker-inc.com
Foot Locker, Inc., through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, North America and International. The company retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
