Foot Locker Earnings Preview
Portfolio Pulse from Benzinga Insights
Foot Locker (NYSE:FL) is expected to report Q3 2023 earnings with an estimated EPS of $0.25 on Wednesday, 2023-11-29. Investors are looking for an earnings beat and positive guidance for the next quarter. Last quarter, FL's EPS met estimates, resulting in a 4.93% stock price increase the following day. Historically, FL's stock price has reacted variably to earnings reports. Currently, FL shares are trading at $23.11, with a 52-week decrease of 41.93%, indicating bearish sentiment among long-term shareholders.
November 28, 2023 | 2:01 pm
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Foot Locker is anticipated to report an EPS of $0.25 for Q3 2023. Investors are focused on earnings performance and future guidance. FL's stock has experienced significant volatility post-earnings, with a 41.93% decline over the past year.
The short-term impact on FL's stock price will largely depend on whether the company beats the EPS estimate and provides positive guidance. Historical data shows mixed reactions to past earnings reports, making it challenging to predict the direction of the stock price with high certainty. The bearish sentiment from the 52-week performance may temper any positive reaction to an earnings beat, unless accompanied by strong forward-looking statements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100