Foot Locker Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Foot Locker, Inc. (NYSE:FL) is anticipated to report a decrease in Q4 earnings to 32 cents per share from 97 cents per share year-over-year, with revenue expected to fall to $2.28 billion from $2.34 billion. Despite this, the company saw a 1.2% increase in shares to close at $34.31 recently. Analysts from Telsey Advisory Group, Citigroup, Piper Sandler, Morgan Stanley, and Goldman Sachs have provided varied ratings and price target adjustments for Foot Locker, reflecting differing outlooks on the company's financial health.
March 06, 2024 | 6:29 am
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Foot Locker is projected to report lower Q4 earnings and a slight decrease in revenue, but shares have recently increased by 1.2%. Analysts have mixed ratings and adjusted price targets, indicating varied expectations.
The expected decrease in earnings and revenue for Foot Locker suggests potential challenges, but the recent share price increase and mixed analyst ratings indicate uncertainty in the market's reaction. The varied analyst ratings and price target adjustments reflect differing perspectives on the company's future performance, making the short-term impact on the stock price uncertain.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100