Wedbush Reports FINL Q4 EPS

Wedbush has issued a report on the fourth quarter EPS results for Finish Line (NASDAQ: FINL).

According to the report, "Q4 EPS in line with Street; stellar QTD comp of 10.1% is the real story: FINL reported Q4 EPS of 65¢ vs. our 66¢ estimate and consensus of 65¢ driven by comps of 4.0% vs. our 3.5% estimate (2% consensus), gross margins of 36.0% vs. our 35.6% estimate (+2¢), and a lower tax rate (+1¢) slightly offset by higher SG&A (-3¢)."

FINL has an Outperform Rating and a $23.00 Price Target.

FINL closed at $18.40 yesterday.