Ollie's Bargain Outlet Sees FY25 Adj. EPS $3.10-$3.20 vs $3.21 Est., Net Sales $2.248B-$2.273B vs $2.29B Est.
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet projects its adjusted EPS for FY25 to be between $3.10 and $3.20, slightly below the estimated $3.21. The company also forecasts net sales to range from $2.248 billion to $2.273 billion, which is below the estimated $2.29 billion.
March 20, 2024 | 11:33 am
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Ollie's Bargain Outlet's FY25 earnings and sales forecasts are below analysts' expectations, indicating potential pressure on its stock price.
When a company projects earnings and sales that are below analysts' estimates, it often leads to negative investor sentiment and can put downward pressure on the stock price in the short term. Given that Ollie's Bargain Outlet's forecasts for both adjusted EPS and net sales for FY25 are below the estimates, this could lead to a decrease in investor confidence and potentially result in a decline in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100