Big Lots Inc expected to post a loss of $3.46 a share - Earnings Preview

Former BL Stores

04/09/2024 13:32

* Big Lots Inc  BIG.N   BIG  is expected to show a fall in
quarterly revenue when it reports  results on September 6 for
the period ending July 31 2024
    * The Columbus Ohio-based  company is expected to report a
8.4% decrease in revenue to $1.044 billion from $1.14 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Big Lots Inc is for a
loss of
$3.46 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Big Lots
Inc is
1.75​, above​ its last closing price of $0.53. ​​​

The company's guidance on June 6 2024 for the period ended July
31 was for gross profit margin of 36.018%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Apr. 30 2024  -3.92       -3.91      -4.51     Missed  -15.2
 Jan. 1 2024   -0.13       -0.23      -0.28     Missed  -22.5
 Oct. 31 2023  -4.64       -4.66      -4.38     Beat    6​
 Jul. 31 2023  -4.16       -4.12      -3.24     Beat    21.3
 ​​Jan.        -1.78       -1.82      -3.40     Missed  -86.4
 1 0001                                                 
 Jan. 31 2023  -0.77       -0.85      -0.28     Beat    67.1​
 Jan. 1 0001   -2.93       -2.94      -2.99     Missed  -1.8
 Jul. 31 2022  -2.46       -2.47      -2.28     Beat    7.6
 This summary was machine generated September 4 at 12:32 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)