Big Lots Earnings: Here’s Why the Stock is Down Now
Big Lots Inc. (NYSE:BIG) delivered a profit and met Wall Street’s expectations, AND 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 down 7.48%.
Big Lots Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 10.29% to $0.61 in the quarter versus EPS of $0.68 in the year-earlier quarter.
Revenue: Rose 1.3% to $1.31 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Big Lots Inc. reported adjusted EPS income of $0.61 per share. By that measure, the company missed the mean analyst estimate of $0.61. It missed the average revenue estimate of $1.32 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS decreased 70.81% from $2.09 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 profit of $0.43 and has not changed. For the current year, the average estimate is a profit of $3.16, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)