Benzinga | Nov 18, 2021 10:20AM EST

Earnings Outlook For Foot Locker

Foot Locker (NYSE:FL) is set to give its latest quarterly earnings report on Friday, 2021-11-19. Here's what investors need to know before the announcement.

Analysts estimate that Foot Locker will likely report an Earnings Per Share (EPS) of $1.37

Foot Locker bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $1.21, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Foot Locker's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1 1.09 1.35 0.62EPS Actual 2.21 1.96 1.55 1.21Price Change % 7.26% 1.96% -8.8% -4.96%

Stock Performance

Shares of Foot Locker were trading at $55.59 as of November 17. Over the last 52-week period, shares are up 44.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.