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.

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

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