What to Expect From Finish Line Earnings

By Chris Lange Updated Mar 13, 10:07PM EDT · Published Mar 23, 3:33PM EDT

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What to Expect From Finish Line Earnings — © Thinkstock

Finish Line Inc. (NASDAQ: FINL) is scheduled to report fiscal fourth-quarter financial results before the markets open on Thursday. The consensus estimates from Thomson Reuters are calling for $0.80 in earnings per share (EPS) on $567.85 million in revenue. The same period from last year had $0.88 in EPS on $551.35 million in revenue.

This is a premium retailer of athletic shoes, apparel and accessories. Headquartered in Indianapolis, Finish Line has approximately 1,010 Finish Line branded locations primarily in U.S. malls and shops inside Macy’s department stores, and it employs more than 14,000 sneaker-ologists who help customers connect with their sport, their life and their style.

Finish Line also operates the Running Specialty Group. This includes 73 specialty running stores in 16 states and the District of Columbia under the JackRabbit, The Running Company, Run On!, Blue Mile, Boulder Running Company, Roncker’s Running Spot, Running Fit, VA Runner, Capital RunWalk, Richmond Road Runner, Garry Gribble’s Running Sports, Run Colorado, Raleigh Running Outfitters, Striders and Indiana Running Company banners.
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After reporting a third-quarter loss, the company announced the closing over the next four years of up to 150 stores, or around one-quarter of its total. CEO Glenn Lyon stepped down from his position at the end of February, to be replaced by current president Sam Sato.

A few analysts weighed in on Finish Line ahead of its earnings report:

Brean Capital reiterated a Buy rating.
B. Riley reiterated a Buy rating with a $24 price target.
Deutsche Bank reiterated a Buy rating with a $22 price target.
Canaccord Genuity reiterated a Buy rating with a $25 price target.

So far in 2016, Finish Line has outperformed the broad markets, with the stock up over 9%. However, over the past 52 weeks the stock is actually down 17%.

Shares of Finish Line were trading down 3.5% at $19.02 on Wednesday, with a consensus analyst price target of $20.42 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.