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What are the forecasts on Foot Locker's Q1 report?

What are the forecasts on Foot Locker's Q1 report?
Asked by
Nick Robinson categorie-icon time-icon4 weeks ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon4 weeks ago

As it is well known, no one can predict exactly what the outcome of the report will be in advance. However, we can take a look at what the analysts will say. Foot Locker (FL) will release its Q1 2019 results on May 24th, and the investors are hoping that the company will continue with the positive surprise streak. If we take a look at the past, Foot Locker has brought a positive surprise of 9.7% in the past four quarters.

When talking about estimates, the Zacks Consensus Estimate for earnings currently forecasts an EPS of $1.61. The estimate was revised downwards once in the past 30 days (from $1.62 per share). This expected result would represent an improvement of roughly 11% from the previous year’s quarter. The Zacks Consensus Estimate for revenues forecasts 2,106 million, which suggests a 4% growth.

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