Big Lots Inc expected to post a loss of 85 cents a share - Earnings Preview

Former BL Stores

28/02/2023 19:44

* Big Lots Inc  BIG.N   BIG  is expected to show a fall in
quarterly revenue when it reports  results on March 2. 
    * The Columbus Ohio-based  company is expected to report  a
10.4% decrease in revenue to $1.551 billion from $1.73 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 85 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 4 "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
$15​, above​ its last closing price of $14.47. ​​​

The company's guidance on December 1 2022 for the period ended
January 31 was for gross profit margin between 34% and 36%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.79        0.95       -0.39     Missed  -141​
 Jan. 31 2022  1.89        1.89       1.75      Missed  -7.5
 ​​Oct.        -0.15       -0.16      -0.14     Beat    10
 31 2021                                                
 Jul. 31 2021  1.12        1.12       1.09      Missed  -2.7​
 Apr. 30 2021  1.74        1.69       2.62      Beat    54.9
 Jan. 31 2021  2.50        2.50       2.59      Beat    3.7
 This summary was machine generated February 28 at 19:44 GMT. 
All figures in US dollars  unless otherwise stated