Big Lots Inc expected to post a loss of $4.12 a share - Earnings Preview

Former BL Stores

25/08/2023 13:45

* Big Lots Inc  BIG.N   BIG  is expected to show a fall in
quarterly revenue when it reports  results on August 29. 
    * The Columbus Ohio-based  company is expected to report  a
18.2% decrease in revenue to $1.101 billion from $1.35 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 $4.12 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Big Lots
Inc is
$6​, below​ its last closing price of $6.10. ​​​

The company's guidance on May 26 2023 for the period ended July
31 was for gross profit margin between 31% and 33%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Apr. 30 2023  -1.78       -1.82      -3.40     Missed  -86.4
 Jan. 31 2023  -0.77       -0.85      -0.28     Beat    67.1
 Oct. 31 2022  -2.93       -2.94      -2.99     Missed  -1.8​
 Jul. 31 2022  -2.46       -2.47      -2.28     Beat    7.6
 ​​Apr.        0.79        0.95       -0.39     Missed  -141
 30 2022                                                
 Jan. 31 2022  1.89        1.89       1.75      Missed  -7.5​
 Oct. 31 2021  -0.15       -0.16      -0.14     Beat    10
 Jul. 31 2021  1.12        1.12       1.09      Missed  -2.7
 This summary was machine generated August 25 at 12:45 GMT.  All
figures in US dollars  unless otherwise stated