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

Former BL Stores

30/11/2023 14:32

* Big Lots Inc  BIG.N  reported a quarterly adjusted loss of
$4.38​​ per share for the quarter ended in October, lower than
the same quarter last year, when the company reported EPS of
$-2.99.  The mean expectation of eight analysts for the quarter
was for a loss of $4.66 per share. Wall Street expected
results to range from $-5.10 to $-4.30 per share.
    * Revenue fell 14.7% to $1.03 billion from a year ago;
analysts
expected $1.03 billion. 
    * Big Lots Inc's reported EPS for the quarter was 16 cents​.
    * The company reported quarterly net income of $4.74
million.
    * Big Lots Inc shares had fallen by 6.1% this quarter and
lost 67.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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," 4
"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
$6.00 
This summary was machine generated from LSEG data November 30 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jan. 31 2023      -0.85          -0.28          Beat