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Will Q1 Earnings Hold a Surprise for Big Lots (BIG) Stock?
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Big Lots Inc. (BIG - Free Report) is slated to report first-quarter fiscal 2016 results on May 27, before the opening bell.
In the preceding quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 1%. Notably, Big Lots has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings beat of 5.1%. Let’s see how things are shaping up for this announcement.
Our proven model does not conclusively show that Big Lots is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Big Lots has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 71 cents. The company’s Zacks Rank #3 (Hold) increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
Factors Influencing this Quarter
Big Lots’ furniture financing programs as well as the food and consumables categories have been gaining traction. In fact, response for furniture financing has been quite impressive. The category, which was the leading performer in the fourth quarter of fiscal 2015, is also expected to drive the company’s revenue higher in the quarter to be reported. However, the competitive retail landscape and lower discretionary spending may impact the company’s results.
For the first quarter, earnings per share from continuing operations are projected in the range of $0.66–$0.72 compared with $0.60 in the prior-year quarter. Comps are expected to grow in the low-single-digit range.
Other Stocks Poised to Beat Earnings
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
TiVo Inc. has an Earnings ESP of +25.00% and a Zacks Rank #1.
Vail Resorts Inc. (MTN - Free Report) has an Earnings ESP of +0.71% and a Zacks Rank #2 (Buy).
NIKE, Inc. (NKE - Free Report) has an Earnings ESP of +2.08% and a Zacks Rank #3.
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Will Q1 Earnings Hold a Surprise for Big Lots (BIG) Stock?
Big Lots Inc. (BIG - Free Report) is slated to report first-quarter fiscal 2016 results on May 27, before the opening bell.
In the preceding quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 1%. Notably, Big Lots has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings beat of 5.1%. Let’s see how things are shaping up for this announcement.
BIG LOTS INC Price, Consensus and EPS Surprise
BIG LOTS INC Price, Consensus and EPS Surprise | BIG LOTS INC Quote
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Big Lots is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Big Lots has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 71 cents. The company’s Zacks Rank #3 (Hold) increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
Factors Influencing this Quarter
Big Lots’ furniture financing programs as well as the food and consumables categories have been gaining traction. In fact, response for furniture financing has been quite impressive. The category, which was the leading performer in the fourth quarter of fiscal 2015, is also expected to drive the company’s revenue higher in the quarter to be reported. However, the competitive retail landscape and lower discretionary spending may impact the company’s results.
For the first quarter, earnings per share from continuing operations are projected in the range of $0.66–$0.72 compared with $0.60 in the prior-year quarter. Comps are expected to grow in the low-single-digit range.
Other Stocks Poised to Beat Earnings
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
TiVo Inc. has an Earnings ESP of +25.00% and a Zacks Rank #1.
Vail Resorts Inc. (MTN - Free Report) has an Earnings ESP of +0.71% and a Zacks Rank #2 (Buy).
NIKE, Inc. (NKE - Free Report) has an Earnings ESP of +2.08% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>