Retail

What to Expect From Finish Line Earnings

Thinkstock

Finish Line Inc. (NASDAQ: FINL) is scheduled to release fiscal first-quarter financial results before the markets open on Friday. The consensus estimates from Thomson Reuters are calling for $0.22 in earnings per share (EPS) on $499 million in revenue. The same period from last year had $0.30 in EPS on $443.39 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.

Management worked to improve digital fulfillment rates and flow new inventory to its stores during the fourth quarter which helped Finish Line achieve a mid-single digit comparable sales increase and EPS at the high-end of its guidance range.

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

  • Robert Baird reiterated a Hold rating with a $20 price target.
  • Citigroup reiterated a Buy rating with a $23 price target.
  • Goldman Sachs reiterated a Neutral rating with a $19 price target.
  • B. Riley reiterated a Buy rating with a $22 price target.
  • Buckingham Research reiterated a Buy rating with a $25 price target.
  • Piper Jaffray reiterated a Neutral rating with an $18 price target.
  • BB&T reiterated a Buy rating with a $24 price target.
  • Barclays reiterated an Equal Weight rating with an $18 price target.

So far in 2016 Finish Line has underperformed the broad markets with the stock down 2%. Over the past 52-weeks, the stock is down 33%.

Shares of Finish Line were last seen trading down 3.5% at $16.87, with a consensus analyst price target of $21.24 and a 52-week trading range of $15.37 to $29.05.

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.