Will Foot Locker Beat Estimates Again in Its Next Earnings Report?
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Foot Locker (NYSE: FL). This company, which is in the Zacks Retail – Apparel and Shoes industry, shows potential for another earnings beat.
This shoe store has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 47.55%.
For the most recent quarter, Foot Locker was expected to post earnings of $0.12 per share, but it reported $0.22 per share instead, representing a surprise of 83.33%. For the previous quarter, the consensus estimate was $0.34 per share, while it actually produced $0.38 per share, a surprise of …
Full story available on Benzinga.com