For the quarter ended January 2024, Ollie's Bargain Outlet (OLLI - Free Report) reported revenue of $648.95 million, up 18% over the same period last year. EPS came in at $1.23, compared to $0.84 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $649.1 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +6.03%, with the consensus EPS estimate being $1.16.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Comparable store sales change: 3.9% compared to the 3.2% average estimate based on seven analysts.
- Average Net Sales per Store: $1.27 million compared to the $1.26 million average estimate based on four analysts.
- Number of stores - End of period: 512 versus 512 estimated by four analysts on average.
- Number of new stores: 7 compared to the 7 average estimate based on four analysts.
- Number of stores open at the beginning of period: 505 versus the four-analyst average estimate of 505.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>Shares of Ollie's Bargain Outlet have returned -5.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended January 2024, Ollie's Bargain Outlet (OLLI - Free Report) reported revenue of $648.95 million, up 18% over the same period last year. EPS came in at $1.23, compared to $0.84 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $649.1 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +6.03%, with the consensus EPS estimate being $1.16.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Comparable store sales change: 3.9% compared to the 3.2% average estimate based on seven analysts.
- Average Net Sales per Store: $1.27 million compared to the $1.26 million average estimate based on four analysts.
- Number of stores - End of period: 512 versus 512 estimated by four analysts on average.
- Number of new stores: 7 compared to the 7 average estimate based on four analysts.
- Number of stores open at the beginning of period: 505 versus the four-analyst average estimate of 505.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>Shares of Ollie's Bargain Outlet have returned -5.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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