FINL

25-Sep-15 07:13 ET
Finish Line reports EPS in-line, misses on top line; reaffirms FY16 guidance (EPS below estimates)  (24.77)
  • Reports Q2 (Aug) earnings of $0.57 per share, in-line with the Capital IQ Consensus of $0.57; revenues rose 3.5% year/year to $483.2 mln vs the $490.82 mln consensus.
    • Finish Line comparable store sales increased 1.5% vs. ests near +3.5%.
  • For FY16, the co still expects comparable store sales to be up in the low single to mid single digit range (consensus up ~4.3%) and EPS to increase in the low single to mid single digit range over fiscal year 2015 non-GAAP diluted earnings per share of $1.67 (consensus +7% to $1.48).

Courtesy of Briefing.com

23-Oct-15 09:41 ET
Skechers USA (-30%) leading shoe stocks lower, falls to five month low after missing sales estimates for the first time in two years  (32.03 -14.16)
Shoe stocks: FL -5%, DSW -5%, SHOO -4%, DECK -3%, UA -3%, FINL -2%, CRIX -2%, NKE -2%, GCO -1.6%, WWW -1%

Courtesy of Briefing.com

Skeckers (SKX) and Finish Line (FINL) are shoe stocks. This type of trade is called a sympathy trade for obvious reasons.

22-Oct-15 16:19 ET
Skechers USA misses by $0.12, misses on revs  (46.19 +0.49)
  • Reports Q3 (Sep) earnings of $0.43 per share, $0.12 worse than the Capital IQ Consensus of $0.55; revenues rose 27.0% year/year to $856.2 mln vs the $876.64 mln Capital IQ Consensus.

Courtesy of Briefing.com

Ever since FINL’s earnings call on Sept 25th I’ve been waiting for 17.20. SKX finally drove it down.

Trailing earnings are 1.73 which gives us a P/E of 10.1.

I bought FINL at 17.51 and will be very happy to add to this position at 17.11.

Dave C

 

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