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Earnings updates: Foot Locker and Beacon Roofing Supply

Earnings updates: Foot Locker and Beacon Roofing Supply

Updated on:
Nov 20th, 2020

Foot Locker reported better than expected FQ3 sales

On Friday, Foot Locker, Inc. ($FL) posted EPS for fiscal 3rd-quarter that strongly enhanced Wall St. expectations. Quarterly EPS was $1.21 per share versus the estimated $0.62. This quarterly report means an earnings surprise of 95.16%. Estimated turnover for Q3 was $1.9 billion but Foot Locker slightly beat by 8.56%, reporting $2.1 billion.

In comparing, the EPS for the same quarter last year was $1.13, so current EPS means a increase of 7.08%.

Beacon Roofing Supply topped estimates and posted a better than expected EPS

Beacon Roofing Supply ($BECN) had the investors call and released the fiscal fourth-quarter report on Thursday. BECN reported fiscal 4th-quarter earnings of $1.30 per share on revenue of $2.0 billion. The market estimate was $0.99 per share on revenue of $2.0 billion.

For comparison, the EPS for the same quarter last year was $1.04, so posted EPS means a increase of 25%.

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