What to Expect From Finish Line Earnings

By Chris Lange Updated Mar 23, 12:59PM EDT · Published Jan 6, 4:28PM EST

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What to Expect From Finish Line Earnings — © Thinkstock

Finish Line Inc. (NASDAQ: FINL) is scheduled to report its fiscal third quarter financial results before the markets open on Thursday. The consensus estimates call for a net loss per share of $0.04 on $407.92 million in revenue. The same period from the previous year had a net loss of $0.02 per share on $395.83 million in revenue.

Overall it looks as if Finish Line’s fiscal 2016 is off to a solid start. The company is delivering an enhanced customer experience with its commitment to offering latest and greatest merchandise assortments and providing excellent service. The company plans to continue driving consistent growth and increased profitability across each of the divisions with focus on its customer-centric operating model. Management is confident these strategies will translate into greater value for shareholders over the long-term.

In the last earnings report, the company gave guidance for the 2016 fiscal year in which it expects comparable sales to be up in the low-single to mid-single digit range and for EPS to be $1.67. There are consensus estimates of $1.74 in EPS on $1.90 billion in revenue.

Prior to the release of the earnings report a few analysts weighed in on Finish Line:

B. Riley reiterated a Buy rating and a $26 price target.
Deutsche Bank has a Buy rating but lowered its price target to $25 from $27.
Sterne Agee CRT reiterated a Hold rating.
Canaccord Genuity reiterated a Buy rating with a $27 price target.
Brean Capital upgraded to a Buy rating.

Over the course of the past month, Finish Line has vastly outperformed the market with the stock up over 15%. However over the past 52-weeks the stock is actually down 20%.

Shares of Finish Line closed Wednesday down 1.9% at $18.50, with a consensus analyst price target of $23.82 and a 52-week trading range of $15.37 to $29.05.

About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.