Big Lots Earnings: Here’s Why Investors Like These Results

Big Lots Inc. (NYSE:BIG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.33%.

Big Lots Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 13.89% to $0.31 in the quarter versus EPS of $0.36 in the year-earlier quarter.

Revenue: Rose 0.62% to $1.23 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Big Lots Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.24. It missed the average revenue estimate of $1.23 billion.

Key Stats (on next page)…

Revenue decreased 6.54% from $1.31 billion in the previous quarter. EPS decreased 49.18% from $0.61 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.01 and has not changed. For the current year, the average estimate has moved down from a profit of $3.04 to a profit of $2.96 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)