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

Former BL Stores

07/03/2024 14:31

* Big Lots Inc  BIG.N  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in January, identical to
the same quarter last year.  The mean expectation of
seven analysts for the quarter was for a loss of 23 cents per
share. Wall Street expected results to range from -86 cents
to -2 cents per share.
    * Revenue fell 7.2% to $1.43 billion from a year ago;
analysts
expected $1.43 billion. 
    * Big Lots Inc's reported EPS for the quarter was a loss of
$1.05​.
    * The company reported a quarterly loss of $30.71 million.
    * Big Lots Inc shares had fallen by 35.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 72.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Big Lots
Inc is
$5.00 

This summary was machine generated from LSEG data March 7 at
02:30 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
 Jan. 31 2024      -0.23          -0.28          Missed
 Oct. 31 2023      -4.66          -4.38          Beat
 Jul. 31 2023      -4.12          -3.24          Beat
 Apr. 30 2023      -1.82          -3.40          Missed