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

Ollie's Bargain Outlet Holdings

20/03/2024 13:32

* Ollie's Bargain Outlet Holdings Inc  OLLI.OQ  reported
quarterly
adjusted earnings of $1.23​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.16 per
share. Wall Street expected results to range from $1.12 
to $1.19 per share.
    * Revenue rose 18% to $648.95 million from a year ago;
analysts
expected $649.38 million. 
    * Ollie's Bargain Outlet Holdings Inc's reported EPS for the
quarter was $1.23​.
    * The company reported quarterly net income of $76.48
million.
    * Ollie's Bargain Outlet Holdings Inc shares had fallen
by 0.7%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the discount
stores
peer group is  "hold."

Wall Street's median 12-month price target for Ollie's Bargain
Outlet Holdings Inc is $87.50 
This summary was machine generated from LSEG data March 20 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
 Jan. 31 2024      1.16           1.23           Beat
 Oct. 31 2023      0.45           0.51           Beat
 Jul. 31 2023      0.61           0.67           Beat
 Apr. 30 2023      0.47           0.49           Beat