Ollie's Bargain Outlet (OLLI - Free Report) reported $459.15 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 12.9%. EPS of $0.49 for the same period compares to $0.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $450.86 million, representing a surprise of +1.84%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ollie's Bargain Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of new stores: 9 versus 9.67 estimated by three analysts on average.
- Average Net Sales per Store: $0.97 million compared to the $0.95 million average estimate based on three analysts.
- Number of stores - End of period: 476 compared to the 477 average estimate based on three analysts.
- Comparable store sales change: 4.5% compared to the 2.34% average estimate based on three analysts.
- Number of stores open at the beginning of period: 468 versus 468 estimated by three analysts on average.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>Shares of Ollie's Bargain Outlet have returned -6% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Ollie's Bargain Outlet (OLLI - Free Report) reported $459.15 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 12.9%. EPS of $0.49 for the same period compares to $0.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $450.86 million, representing a surprise of +1.84%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ollie's Bargain Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of new stores: 9 versus 9.67 estimated by three analysts on average.
- Average Net Sales per Store: $0.97 million compared to the $0.95 million average estimate based on three analysts.
- Number of stores - End of period: 476 compared to the 477 average estimate based on three analysts.
- Comparable store sales change: 4.5% compared to the 2.34% average estimate based on three analysts.
- Number of stores open at the beginning of period: 468 versus 468 estimated by three analysts on average.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>Shares of Ollie's Bargain Outlet have returned -6% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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