We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Foot Locker (FL) Q2 Earnings Miss Estimates, Stock Down
Read MoreHide Full Article
Foot Locker, Inc. (FL - Free Report) ,a leading specialty athletic retailer, released second-quarter fiscal 2017 results, wherein earnings of 62 cents per share lagged the Zacks Consensus Estimate of 90 cents.
Earnings Estimate Revisions: The Zacks Consensus Estimate for fiscal 2017 has moved down by 3 cents in the last seven days. However, Foot Locker’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average beat of 2.1%.
Foot Locker, Inc. Price, Consensus and EPS Surprise
Revenues: Foot Locker generated total sales of $1,701 million that decreased 4.4% year over year and also came below the Zacks Consensus Estimate of $1,813 million. On a currency-neutral basis, revenues fell 4.3%. Further, comparable-store sales dropped 6% in the quarter.
Zacks Rank: Currently, Foot Locker carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
Stock Movement: Following dismal second-quarter earnings release, Foot Locker’s shares are down nearly 18.6% during pre-market trading hours.
Check back later for our full write up on Foot Locker’s earnings report!
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really takes off.
Image: Bigstock
Foot Locker (FL) Q2 Earnings Miss Estimates, Stock Down
Foot Locker, Inc. (FL - Free Report) , a leading specialty athletic retailer, released second-quarter fiscal 2017 results, wherein earnings of 62 cents per share lagged the Zacks Consensus Estimate of 90 cents.
Earnings Estimate Revisions: The Zacks Consensus Estimate for fiscal 2017 has moved down by 3 cents in the last seven days. However, Foot Locker’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average beat of 2.1%.
Foot Locker, Inc. Price, Consensus and EPS Surprise
Foot Locker, Inc. Price, Consensus and EPS Surprise | Foot Locker, Inc. Quote
Revenues: Foot Locker generated total sales of $1,701 million that decreased 4.4% year over year and also came below the Zacks Consensus Estimate of $1,813 million. On a currency-neutral basis, revenues fell 4.3%. Further, comparable-store sales dropped 6% in the quarter.
Zacks Rank: Currently, Foot Locker carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Following dismal second-quarter earnings release, Foot Locker’s shares are down nearly 18.6% during pre-market trading hours.
Check back later for our full write up on Foot Locker’s earnings report!
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really takes off.
See Stocks Now>>