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Ollie's Bargain Outlet Holdings, Inc. (OLLI) - free report >>
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Ollie's Bargain Outlet Holdings, Inc. (OLLI) - free report >>
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Can Ollie's Bargain Outlet (OLLI) Keep the Earnings Streak Alive This Quarter?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) , a firm in the Miscellaneous Consumer Staples industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, OLLI has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, OLLI expected earnings of 17 cents per share, while it actually produced earnings of 20 cents per share, a beat of 17.7%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 18 cents per share, when it actually reported earnings of 21 cents per share instead, representing a 16.7% positive surprise.
OLLIES BGN OUTL Price and EPS Surprise
OLLIES BGN OUTL Price and EPS Surprise | OLLIES BGN OUTL Quote
Thanks in part to this history, recent estimates have been moving higher for Ollie's Bargain Outlet. In fact, the Earnings ESP for OLLI is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for OLLI, as the firm currently has a Zacks Earnings ESP of 7.14%, so another beat could be around the corner.
This is particularly true when you consider that OLLI has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that OLLI could see another beat at its next report, especially if recent trends are any guide.
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