U.S. Markets closed

Bartosiak: Trading Foot Locker's (FL) Earnings with Options

David Bartosiak

On Friday, February 24th, Foot Locker (FL) will release its fourth quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of C.

Dave will look at Foot Locker’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Foot Locker ahead of earnings.

Foot Locker in Focus

Foot Locker, Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company operates in two business segments, the Global Athletic Group and the Northern Group. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footlocker.com. The Northern Group consists of four apparel formats: Northern Reflections, Northern Traditions, Northern Getaway and Northern Elements.

Foot Locker is expected to report earnings at $1.31 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 1.80%, beating estimates by $0.02 a share. They were expected to report last quarter at $1.11 per share. They have an average earnings surprise of 1.99%.

Foot Locker, Inc. Price, Consensus and EPS Surprise

Foot Locker, Inc. Price, Consensus and EPS Surprise | Foot Locker, Inc. Quote

Bottom Line

How should investors play Foot Locker ahead of their earnings report? For insights on the best options trades, then tune in 9:00 am tomorrow to see David’s thoughts.

Long-Term Buys You Won't See in the News

If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential and are rarely available to the public. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Foot Locker, Inc. (FL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research