Foot Locker Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Foot Locker, Inc. is set to release its first-quarter earnings results on May 29, with analysts expecting earnings of 11 cents per share, a recovery from a loss of 5 cents per share in the same period last year [1] - The projected quarterly revenue for Foot Locker is $1.88 billion, slightly down from$1.9 billion a year earlier [1] - Foot Locker has entered into a definitive agreement to be acquired by Dick's Sporting Goods, valuing Foot Locker's equity at approximately $2.4 billion and its enterprise value at about$2.5 billion [2] Group 2 - Foot Locker shares closed at $23.90 prior to the acquisition announcement [2] - Recent analyst ratings show a mix of neutral and downgraded positions, with price targets generally raised to$24 by multiple analysts [8] - Citigroup, Baird, Barclays, Needham, and JP Morgan analysts have all adjusted their ratings and price targets for Foot Locker, reflecting a cautious outlook [8]