The Finish Line, Inc. came out with third-quarter fiscal 2018 results, wherein adjusted loss from continuing operations of 26 cents per share came narrower than the Zacks Consensus Estimate of a loss of 37 cents. However, the company reported adjusted loss of 24 cents in the prior-year period.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has remained stable over the last 30 days. However, in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 13.2%.
Revenues: Finish Line generated net sales of nearly $378.5 million that increased 1.8% year over year and also came ahead of the Zacks Consensus Estimate of $361 million. Also, comparable store sales inched up 0.8%.
Outlook: Following the results, the company updated its fiscal 2018 outlook. For fiscal 2018, which will have an additional 53rd week, the company expects earnings to come in a band of 59-67 cents per share, up from the earlier guidance of 50-60 cents. Further, comps are anticipated to decline in the band of 2-3%.
For the fiscal fourth quarter, earnings are envisioned in the band of 50-58 cents per share. Further, comps are expected to fall in the band of 3-5%.
Zacks Rank: Currently, Finish Line carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Finish Line shares rose 7.9% during the pre-market trading hours following the better-than-expected quarterly results.
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Finish Line (FINL) Posts Narrower-Than-Expected Loss in Q3
The Finish Line, Inc. came out with third-quarter fiscal 2018 results, wherein adjusted loss from continuing operations of 26 cents per share came narrower than the Zacks Consensus Estimate of a loss of 37 cents. However, the company reported adjusted loss of 24 cents in the prior-year period.
The Finish Line, Inc. Price, Consensus and EPS Surprise
The Finish Line, Inc. Price, Consensus and EPS Surprise | The Finish Line, Inc. Quote
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has remained stable over the last 30 days. However, in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 13.2%.
Revenues: Finish Line generated net sales of nearly $378.5 million that increased 1.8% year over year and also came ahead of the Zacks Consensus Estimate of $361 million. Also, comparable store sales inched up 0.8%.
Outlook: Following the results, the company updated its fiscal 2018 outlook. For fiscal 2018, which will have an additional 53rd week, the company expects earnings to come in a band of 59-67 cents per share, up from the earlier guidance of 50-60 cents. Further, comps are anticipated to decline in the band of 2-3%.
For the fiscal fourth quarter, earnings are envisioned in the band of 50-58 cents per share. Further, comps are expected to fall in the band of 3-5%.
Zacks Rank: Currently, Finish Line carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Finish Line shares rose 7.9% during the pre-market trading hours following the better-than-expected quarterly results.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>