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

Ollie's Bargain Outlet Holdings

06/12/2023 14:31

* Ollie's Bargain Outlet Holdings Inc  OLLI.OQ  reported
quarterly
adjusted earnings of 51 cents​​ per share for the quarter ended
in October, higher than the same quarter last year, when the
company reported EPS of 37 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 45 cents
per share. Wall Street expected results to range from 40 cents
to 49 cents per share.
    * Revenue rose 14.8% to $480.05 million from a year ago;
analysts
expected $469.03 million. 
    * Ollie's Bargain Outlet Holdings Inc's reported EPS for the
quarter was 51 cents​.
    * The company reported quarterly net income of $31.8
million.
    * Ollie's Bargain Outlet Holdings Inc shares had fallen
by 1.2%
this quarter and gained 62.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
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 9 "strong buy" or "buy," 5
"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 $85.00 
This summary was machine generated from LSEG data December 6 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
 Oct. 31 2023      0.45           0.51           Beat
 Jul. 31 2023      0.61           0.67           Beat
 Apr. 30 2023      0.47           0.49           Beat
 Jan. 31 2023      0.79           0.84           Beat