BJ's Wholesale Club Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is expected to report lower Q3 earnings at 96 cents per share compared to 99 cents per share a year ago, with projected revenue of $4.96 billion. The stock closed down 5.4% at $67.60. Analysts have recently adjusted their price targets and ratings, with Deutsche Bank downgrading to Hold and cutting the target from $79 to $71, Gordon Haskett upgrading to Buy, Goldman Sachs downgrading to Neutral and reducing the target from $75 to $73, Evercore ISI maintaining an In-Line rating and raising the target from $68 to $69, and B of A Securities maintaining a Buy rating but cutting the target from $85 to $80.

November 17, 2023 | 6:46 am
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BJ's Wholesale Club is anticipated to report decreased earnings for Q3, with analysts adjusting price targets and ratings, indicating mixed expectations. The stock recently fell 5.4%.
The expected decrease in earnings and recent negative stock price movement suggest a bearish short-term outlook. Analysts' downgrades and lowered price targets reinforce this sentiment, although there are some upgrades and target increases which could mitigate the impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100