Foot Locker, Inc. FL is about to launch earnings outcomes for its second quarter, earlier than the opening bell on Wednesday, Aug. 28.
Analysts count on the New York-based firm to report a quarterly loss at 7 cents per share, versus a year-ago revenue of 4 cents per share. Foot Locker initiatives to report quarterly income of $1.89 billion for the quarter, in response to knowledge from Benzinga Professional.
On Could 30, the corporate reported first-quarter adjusted earnings per share of twenty-two cents, beating the road view of 12 cents. Quarterly gross sales of $1.874 billion, lacking the road view of $1.880 billion.
Foot Locker shares rose 0.1% to shut at $32.81 on Tuesday.
Benzinga readers can entry the newest analyst rankings on the Analyst Inventory Scores web page. Readers can kind by inventory ticker, firm title, analyst agency, ranking change or different variables.
Let’s take a look at how Benzinga’s most-accurate analysts have rated the corporate within the current interval.
- Evercore ISI Group analyst Michael Binetti maintained an Outperform ranking and raised the worth goal from $34 to $38 on Aug. 26. This analyst has an accuracy fee of 63%.
- Citigroup analyst Paul Lejuez maintained a Impartial ranking and elevated the worth goal from $27 to $33 on Aug. 20. This analyst has an accuracy fee of 64%.
- Morgan Stanley analyst Alex Straton downgraded the inventory from Equal-Weight to Underweight and slashed the worth goal from $24 to $18 on July 18. This analyst has an accuracy fee of 77%.
- Wedbush analyst Tom Nikic reiterated a Impartial ranking with a worth goal of $25 on June 12. This analyst has an accuracy fee of 70%.
- Barclays analyst Adrienne Yih maintained an Equal-Weight ranking and elevated the worth goal from $22 to $27 on Could 31. This analyst fuel an accuracy fee of 70%.
Contemplating shopping for FL inventory? Right here’s what analysts assume:
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