Earnings Preview For Big Lots
Portfolio Pulse from Benzinga Insights
Big Lots (NYSE:BIG) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $-0.23. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating EPS estimates by $0.28, leading to a 21.06% share price increase the following day. Shares are currently trading at $5.17, down 62.99% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
March 06, 2024 | 2:01 pm
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Big Lots is expected to report an EPS of $-0.23 for the upcoming quarter. Historical data shows significant stock price movements post-earnings announcements. Shares are currently down 62.99% over the last year.
Given Big Lots' mixed historical earnings performance and the significant impact of earnings guidance on stock prices, the upcoming earnings report could lead to neutral to positive short-term price movements, especially if the company beats estimates and provides positive future guidance. However, the current downward trend in the stock price and the overall negative sentiment over the past year suggest caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100