Market Overview

Big Lots Expected To Report Strong Results Friday Morning

Related BIG
Will Omnichannel Accelerate Big Lots' Turnaround Pace?
Analysts Not-So-Bullish On Costco
Big Lots Soars After 1Q Beat (Fox Business)
Related KEY
Bank Of America's 2015 Outlook For Interest Rate-Sensitive Stocks
Benzinga's Top Initiations

On Friday morning Big Lots (NYSE: BIG) will report second quarter earnings. Analysts are expecting EPS to be $0.30 on revenue of $1.20 billion.

EPS in the first quarter was $0.50 on revenue $1.26 billion. On May 30, Big Lots issued guidance for second quarter EPS between $0.24 and $0.30, with an estimate of $0.28.

Revenues are expected to grow on strength in consumer spending. Analysts at Keybanc (NYSE: KEY), JP Morgan (NYSE: JPM), Deutsche Bank (NYSE: DB) and Benchmark all cited strength in company turnaround initiatives in notes issued on Thursday.
Nearing the end of the trading day Thursday, Big Lots traded down roughly 1.3 percent to $47.44.

Latest Ratings for BIG

DateFirmActionFromTo
Dec 2014WedbushReiteratesOutperform
Dec 2014JP MorganDowngradesOverweightNeutral
Sep 2014FBR CapitalMaintainsOutperform

View More Analyst Ratings for BIG
View the Latest Analyst Ratings

Posted-In: Analyst Color Earnings News After-Hours Center Analyst Ratings

 

Related Articles (BIG + DB)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional