What to Expect From Finish Line Earnings
Finish Line is scheduled to report fiscal fourth-quarter financial results before the markets open on Thursday.
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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.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
