Big Lots Beats Up on Analysts Yet Again
Big Lots (NYS: BIG) reported earnings on Mar. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 28 (Q4), Big Lots met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded significantly.
Margins dropped across the board.
Big Lots logged revenue of $1.67 billion. The 12 analysts polled by S&P Capital IQ looked for sales of $1.66 billion on the same basis. GAAP reported sales were 9.9% higher than the prior-year quarter's $1.52 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.83. The 11 earnings estimates compiled by S&P Capital IQ averaged $1.73 per share on the same basis. GAAP EPS of $1.75 for Q4 were 20% higher than the prior-year quarter's $1.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.2%, 60 basis points worse than the prior-year quarter. Operating margin was 11.4%, 30 basis points worse than the prior-year quarter. Net margin was 6.9%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.33 billion. On the bottom line, the average EPS estimate is $0.83.
Next year's average estimate for revenue is $5.54 billion. The average EPS estimate is $3.48.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 356 members out of 445 rating the stock outperform, and 89 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Big Lots a green thumbs-up, and 33 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Big Lots is outperform, with an average price target of $43.91.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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