Core Viewpoint - Foot Locker reported a quarterly loss of 0.22 per share a year ago [1] - The company posted revenues of 1.88 billion year-over-year [2] Financial Performance - Foot Locker's earnings for the previous quarter were expected to be 0.86, resulting in a surprise of 17.81% [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [1] - The company has topped consensus revenue estimates just once over the last four quarters [2] Stock Movement and Outlook - Foot Locker shares have increased by approximately 9.8% since the beginning of the year, while the S&P 500 has gained only 0.1% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] Earnings Estimates and Revisions - The current consensus EPS estimate for the upcoming quarter is 1.88 billion, and for the current fiscal year, it is 7.92 billion [7] - The estimate revisions trend for Foot Locker is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Retail - Apparel and Shoes industry, to which Foot Locker belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8]
Foot Locker (FL) Reports Q1 Loss, Lags Revenue Estimates