Back to top

Bear of the Day

Zacks Equity Research

Big Lots, Inc. (BIG)

BIG

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Big Lots, Inc. (BIG) second-quarter 2012 earnings of $0.36 per share missed the Zacks Consensus Estimate of $0.41 and plunged 28% from $0.50 earned in the year-ago quarter. Though total revenue did increase 4.4% to $1,218 million, it fell short of the Zacks Consensus Estimate of $1,240 million. Margins also remained under pressure, while gross margin shriveled 30 basis points, operating margin contracted 190 basis points.

The disappointing results compelled management to lower its fiscal 2012 earnings guidance to a range of $2.80 to $2.95 per share from $3.25 to 3.40 forecasted earlier. For fiscal 2012, the company expects U.S. comparable-store sales to decline in the low-single-digit range.

We have a long-term Underperform recommendation on the stock. Our target price of $27.00, 9.4X 2012 EPS, reflects this view.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
GENERAL FINA GFN 8.20 +5.67%
QIHOO 360 TE QIHU 91.57 +4.38%
VIPSHOP HOLD VIPS 140.01 +3.49%
INVEST TECH- ITG 19.16 +3.34%
VERTEX ENERG VTNR 7.38 +3.07%