Ollie's Bargain Outlet Holdings Inc reports results for the quarter ended in April - Earnings Summary

Ollie's Bargain Outlet Holdings

05/06/2024 14:32

* Ollie's Bargain Outlet Holdings Inc  OLLI.OQ  reported
quarterly
adjusted earnings of 73 cents​​ per share for the quarter ended
in April, higher than the same quarter last year, when the
company reported EPS of 49 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 65 cents
per share. Wall Street expected results to range from 61 cents
to 69 cents per share.
    * Revenue rose 10.8% to $508.82 million from a year ago;
analysts
expected $505.72 million. 
    * Ollie's Bargain Outlet Holdings Inc's reported EPS for the
quarter was 75 cents​.
    * The company reported quarterly net income of $46.34
million.
    * Ollie's Bargain Outlet Holdings Inc shares had risen
by 3.1%
this quarter and gained 8.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
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 "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the discount
stores
peer group is also "buy"

Wall Street's median 12-month price target for Ollie's Bargain
Outlet Holdings Inc is $90.00 
This summary was machine generated from LSEG data June 5 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      0.65           0.73           Beat
 Jan. 31 2024      1.16           1.23           Beat
 Oct. 31 2023      0.45           0.51           Beat
 Jul. 31 2023      0.61           0.67           Beat