Ollie's Bargain Outlet Q3 Adj EPS $0.51 Beats $0.44 Estimate, Sales $480.05M Beat $468.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet (NASDAQ:OLLI) reported Q3 adjusted earnings per share (EPS) of $0.51, surpassing the consensus estimate of $0.44 by 15.91%. This represents a 37.84% increase from the $0.37 EPS reported in the same quarter last year. Sales for the quarter were $480.05 million, exceeding the consensus estimate of $468.55 million by 2.45% and marking a 14.82% increase from the previous year's sales of $418.07 million.
December 06, 2023 | 12:31 pm
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POSITIVE IMPACT
Ollie's Bargain Outlet's Q3 earnings and sales surpassed analyst estimates, indicating strong performance and potential investor confidence.
Beating both earnings and sales estimates typically leads to positive investor sentiment in the short term. The significant increase in EPS and sales compared to the same period last year further strengthens the case for a potential rise in OLLI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100