Foot Locker (NYSE:FL) Releases Q4 Earnings Guidance

Foot Locker (NYSE:FL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.70-0.80 for the period, compared to the consensus earnings per share estimate of $0.95. The company issued revenue guidance of (3.5%)-(1.5%) to ~$2.30-2.35 billion, compared to the consensus revenue estimate of $2.34 billion. Foot Locker also updated its FY 2024 guidance to 1.200-1.300 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and boosted their price target for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Robert W. Baird decreased their target price on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Finally, Citigroup boosted their target price on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Foot Locker currently has an average rating of “Hold” and a consensus price target of $26.87.

Foot Locker Trading Down 3.9 %

NYSE:FL opened at $24.17 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. Foot Locker has a 1 year low of $20.47 and a 1 year high of $35.60. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -6.25, a PEG ratio of 0.74 and a beta of 1.46. The stock has a fifty day moving average price of $24.15 and a two-hundred day moving average price of $25.87.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. As a group, sell-side analysts anticipate that Foot Locker will post 1.48 earnings per share for the current fiscal year.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.