Big Lots Inc expected to post a loss of $1.77 a share - Earnings Preview

Former BL Stores

24/05/2023 13:37

* Big Lots Inc  BIG.N   BIG  is expected to show a fall in
quarterly revenue when it reports  results on May 26. 
    * The Columbus Ohio-based  company is expected to report  a
13.3% decrease in revenue to $1.192 billion from $1.37 billion a
year ago, according to the mean estimate from 9 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Big Lots Inc is for
a
loss of $1.77 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 5 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 14.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Big Lots
Inc is
$9​, above​ its last closing price of $7.69. ​​​

The company's guidance on March 2 2023 for the period ended
April 30 was for gross profit margin between 37% and 39%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jan. 31 2023  -0.77       -0.85      -0.28     Beat    67.1
 Oct. 31 2023  -2.93       -2.94      -2.99     Missed  -1.8
 Jul. 31 2022  -2.46       -2.47      -2.28     Beat    7.6​
 Apr. 30 2022  0.79        0.95       -0.39     Missed  -141
 ​​Jan.        1.89        1.89       1.75      Missed  -7.5
 31 2022                                                
 Oct. 31 2021  -0.15       -0.16      -0.14     Beat    10​
 Jul. 31 2021  1.12        1.12       1.09      Missed  -2.7
 Apr. 30 2021  1.74        1.69       2.62      Beat    54.9
 This summary was machine generated May 24 at 12:37 GMT.  All
figures in US dollars  unless otherwise stated