Big Lots Inc reports results for the quarter ended in April - Earnings Summary

Former BL Stores

06/06/2024 14:32

* Big Lots Inc  BIG.N  reported a quarterly adjusted loss of
$4.51​​ per share for the quarter ended in April, lower than the
same quarter last year, when the company reported EPS of
$-3.40.  The mean expectation of six analysts for the quarter
was for a loss of $3.91 per share. Wall Street expected
results to range from $-4.38 to $-3.29 per share.
    * Revenue fell 10.2% to $1.01 billion from a year ago;
analysts
expected $1.04 billion. 
    * Big Lots Inc's reported EPS for the quarter was a loss of
$6.99​.
    * The company reported a quarterly loss of $205.04 million.
    * Big Lots Inc shares had fallen by 18.7% this quarter and
lost 54.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the discount
stores
peer group is also "hold"

Wall Street's median 12-month price target for Big Lots Inc is
$4.50 
This summary was machine generated from LSEG data June 6 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -3.91          -4.51          Missed
 Jan. 31 2024      -0.23          -0.28          Missed
 Oct. 31 2023      -4.66          -4.38          Beat
 Jul. 31 2023      -4.12          -3.24          Beat