Foot Locker Earnings Preview: Get Ahead of the Analysts

Foot Locker (NYSE:FL) will report earnings before markets open on Friday, May 24th. Foot Locker, Inc. is primarily a mall-based athletic retailer that operates athletic retail stores in countries located in North America, Europe, and Australia. The Company provides athletic footwear and apparel through its Foot Locker, Lady Foot Locker, Kids Foot Locker, and Champs Sports retail stores. Foot Locker also operates a direct-to-consumer channel,

Here is your Cheat Sheet to Foot Locker Earnings:

Earnings Expectations: Analysts expect earnings of $0.88 per share on revenues of $1.63 billion. Currently, the company’s P/E ratio stands at 14.31.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.45 to a profit $0.49. For the current year, the average estimate is a profit of $2.8, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Foot Locker has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 5,237 4,854 5,049 5,623 6,182
Diluted EPS ($) -0.53 0.30 1.07 1.80 2.58

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 1,578.00 1,367.00 1,524.00 1,713.00
Diluted EPS ($) 0.83 0.39 0.69 0.68

Past Performance:
Foot Locker has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]