Big Lots (BIG) Set to Announce Earnings on Friday
Big Lots (NYSE:BIG) is scheduled to release its Q114 earnings data on Friday, May 30th. Analysts expect Big Lots to post earnings of $0.44 per share and revenue of $1.26 billion for the quarter. Big Lots has set its Q1 guidance at $0.40-0.45 EPS and its FY15 guidance at $2.25-2.45 EPS.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, March 7th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts expect Big Lots to post $2.38 EPS for the current fiscal year and $2.86 EPS for the next fiscal year.
Shares of Big Lots (NYSE:BIG) opened at 37.05 on Thursday. Big Lots has a 1-year low of $25.50 and a 1-year high of $40.24. The stock’s 50-day moving average is $38.79 and its 200-day moving average is $34.12. The company has a market cap of $2.155 billion and a P/E ratio of 17.30.
A number of research firms have recently commented on BIG. Analysts at Deutsche Bank raised their price target on shares of Big Lots from $40.00 to $42.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Big Lots from $42.00 to $45.00 in a research note on Tuesday, May 6th. They now have an “overweight” rating on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Big Lots in a research note on Tuesday, April 29th. They now have a $47.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.42.
Big Lots, Inc, through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada.
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