JUMP REPORT
Avg Daily Volume: 1,712,754 Market Cap: 992.08M
Sector: Services Short Interest: 22.1
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.52/share REV: 1, 630/M
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LAST QTR: EPS: -.20/share ACTUAL: -.18/share (BEAT)
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NEXT QTR: EPS: .95/share REV: 1,330/M
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FULL YR: EPS: 3.79/share REV: 5,390/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 63% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 32.3, 16.94, 19.85
EXPECTED JUMP MOVE: 10-25%
Links To Latest News and Headlines
Big Lots (BIG) fourth-quarter fiscal 2020 quarter-to-date results reflect double-digit comps rise. However rising operating expenses are a concern.
Target held near record highs, as the big-box retailer reported strong holiday sales and encouraging trends so far in 2021. Five Below sales also are strong
Big Lots said rising COIVD costs, transport delays and processing backlogs will narrow fourth quarter earnings even as sales show solid improvements over the holiday period.
Big Lots Inc. said Wednesday that it estimates fiscal fourth-quarter earnings per share will be in the range of $2.40 and $2.50, below the FactSet consensus for $3.02. The profit warning sent shares down 8% in premarket trading. Comparable sales for the quarter rose 7.5%, and e-commerce soared 135%. Gross margin is expected to be flat year-over-year. “This has been a hard-fought quarter that posed some challenges including softer-than-planned traffic in December, low levels of Christmas seasonal inventory, and extraordinary supply chain circumstances created by COVID-19,” said Bruce Thorn, chief executive of Big Lots, in a statement. “Despite these headwinds, our underlying performance has remained strong and we are pleased with the improvement in sales trends we are seeing in January.” For the fiscal year, Thorn said in a statement that the company is expecting to report “strong double-digit comps and adjusted diluted EPS close to double the $3.67 we reported last year.” The FactSet consensus is for EPS of $7.81. Big Lots stock has rallied 62.4% over the last year. The S&P 500 index has gained 15.6% for the period.
Big Lots, Inc. (NYSE: BIG) today provided an update on results for the fourth quarter of fiscal 2020. On a quarter-to-date basis, the company has achieved a comparable sales increase of approximately 7.5%, reflecting double-digit comps in all merchandise categories other than Seasonal, which is down by a mid-teen percentage due to low levels of Christmas inventory in December, and Food, which is up low single digits. Ecommerce demand quarter-to-date is up approximately 135%. The company has seen an acceleration in trends in January and, for the quarter as a whole, expects comps to increase slightly from the quarter-to-date rate.
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