Big Lots, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Big Lots, Inc. (NYSE:BIG) will unveil its latest earnings on Thursday, August 25, 2011. Big Lots, Inc. operates as a broadline closeout retailer through its subsidiaries in the United States. It sells a number of products, including food, home decor, and furniture.

Big Lots, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 45 cents per share, a decline of 6.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 52 cents. Between one and three months ago, the average estimate moved down, but has risen from 44 cents during the last month. For the year, analysts are projecting profit of $2.89 per share, a rise of 2.1% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 70 cents per share against the mean estimate of 68 cents. In the prior quarter, the company reported profit of $1.46.

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Wall St. Revenue Expectations: On average, analysts predict $1.16 billion in revenue this quarter, a rise of 1.8% from the year ago quarter. Analysts are forecasting total revenue of $5.08 billion for the year, a rise of 2.6% from last year’s revenue of $4.95 billion.

Analyst Ratings: Analysts seem relatively indifferent about Big Lots with eight of 14 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 0.6% in the first quarter and rose 3.8%in the fourth quarter of the last fiscal year, 2% in the third quarter of the last fiscal year and 5.1% in the second quarter of the last fiscal year.

Competitors to Watch: Family Dollar Stores, Inc. (NYSE:FDO), Dollar General Corp. (NYSE:DG), 99 Cents Only Stores (NYSE:NDN), Dollar Tree, Inc. (NASDAQ:DLTR), Duckwall-ALCO Stores, Inc (NASDAQ:DUCK), Target Corporation (NYSE:TGT), Fred’s, Inc. (NASDAQ:FRED), Wal-Mart Stores, Inc. (NYSE:WMT), Costco Wholesale Corp. (NASDAQ:COST), and Cost Plus, Inc. (NASDAQ:CPWM).

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $5.84 (-16.3%) from $35.93 to $30.09. The stock price saw one of its best stretches over the last year between March 18, 2011 and March 25, 2011 when shares rose for six-straight days, rising 6% (+$2.45) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 20.1% (-$7.32) over that span. Shares are down 37 cents (-1.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.