Top Wall Street Forecasters Revamp Big Lots Price Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Big Lots, Inc. (NYSE:BIG) is expected to report a quarterly loss of $3.46 per share for Q2, with revenue projected at $1.04 billion. The company is considering bankruptcy due to declining sales. Analysts have lowered price targets, with ratings ranging from Market Perform to Sell.
September 06, 2024 | 4:34 am
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Big Lots is expected to report a significant quarterly loss and is considering bankruptcy due to declining sales. Analysts have lowered price targets, reflecting a negative outlook.
The expected quarterly loss and potential bankruptcy are critical issues for Big Lots, indicating financial instability. Analysts' lowered price targets and negative ratings further suggest a bearish outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
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