Will Foot Locker (FL) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Foot Locker is positioned well for potential earnings beats in upcoming reports, supported by a strong history of exceeding earnings estimates and positive analyst sentiment [1][2][3]. Company Performance - Foot Locker has a track record of beating earnings estimates, with an average surprise of 47.55% over the past two quarters [1]. - In the most recent quarter, Foot Locker reported earnings of $0.22 per share, surpassing the expected $0.12 per share by 83.33% [1]. - For the previous quarter, the company reported $0.38 per share against an expectation of $0.34 per share, resulting in a surprise of 11.76% [1]. Earnings Estimates - Estimates for Foot Locker have been trending higher, influenced by its history of earnings surprises [2]. - The company currently has a positive Zacks Earnings ESP of +5.88%, indicating bullish sentiment among analysts regarding its earnings prospects [3]. - The next earnings report for Foot Locker is anticipated to be released on August 28, 2024 [3]. Predictive Metrics - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing nearly 70% success in such cases [2][3]. - The Earnings ESP metric is crucial for predicting earnings performance, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [3][4].