Earnings Outlook For Big Lots
Portfolio Pulse from Benzinga Insights
Big Lots (NYSE:BIG) is expected to release its quarterly earnings report on Thursday, 2023-11-30, with an estimated EPS of $-4.66. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Big Lots has had mixed results with earnings beats and stock price reactions. Last quarter, despite beating EPS estimates, the stock dropped by 12.69% the following day. Over the past year, Big Lots shares have declined by 75.1%, indicating a tough period for long-term shareholders.
November 29, 2023 | 2:01 pm
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Big Lots is anticipated to report a quarterly EPS of $-4.66. Investors will focus on earnings results and future guidance. Historical data shows stock price volatility post-earnings, with a significant drop last quarter despite an EPS beat.
Given the estimated EPS of $-4.66 and the historical negative stock price reaction to earnings reports, even with an EPS beat, there is a likelihood of a negative short-term impact on BIG's stock price. The 75.1% decline over the past year further suggests a bearish sentiment among investors.
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