Big Lots Inc expected to post a loss of $4.66 a share - Earnings Preview

Former BL Stores

28/11/2023 13:51

* Big Lots Inc  BIG.N   BIG  is expected to show a fall in
quarterly revenue when it reports  results on November 30 for
the period ending July 31 2023
    * The Columbus Ohio-based  company is expected to report a
14.2% decrease in revenue to $1.033 billion from $1.2 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Big Lots Inc is for a
loss of
$4.66 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 3 "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
$6.00​, above​ its last closing price of $4.14. ​​​

The company's guidance on August 29 2023 for the period ended
October 31 was for gross profit margin of 36%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2023  -4.16       -4.12      -3.24     Beat    21.3
 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.        -2.46       -2.47      -2.28     Beat    7.6
 31 2022                                                
 Apr. 30 2022  0.79        0.95       -0.39     Missed  -141​
 Jan. 31 2022  1.89        1.89       1.75      Missed  -7.5
 Oct. 31 2021  -0.15       -0.16      -0.14     Beat    10
 This summary was machine generated November 28 at 13:51 GMT. 
All figures in US dollars unless otherwise stated