We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ollie's Bargain Outlet (OLLI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
Ollie's Bargain Outlet (OLLI - Free Report) reported $514.51 million in revenue for the quarter ended July 2023, representing a year-over-year increase of 13.7%. EPS of $0.67 for the same period compares to $0.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $497.58 million, representing a surprise of +3.40%. The company delivered an EPS surprise of +9.84%, with the consensus EPS estimate being $0.61.
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.
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:
Comparable store sales change: 7.9% versus 2.43% estimated by seven analysts on average.
Average Net Sales per Store: $1.07 million versus the four-analyst average estimate of $1.03 million.
Number of stores - End of period: 482 versus the four-analyst average estimate of 483.
Number of new stores: 6 compared to the 7 average estimate based on four analysts.
Number of stores open at the beginning of period: 476 versus 477.5 estimated by four analysts on average.
Shares of Ollie's Bargain Outlet have returned +4.6% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ollie's Bargain Outlet (OLLI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Ollie's Bargain Outlet (OLLI - Free Report) reported $514.51 million in revenue for the quarter ended July 2023, representing a year-over-year increase of 13.7%. EPS of $0.67 for the same period compares to $0.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $497.58 million, representing a surprise of +3.40%. The company delivered an EPS surprise of +9.84%, with the consensus EPS estimate being $0.61.
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.
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:
- Comparable store sales change: 7.9% versus 2.43% estimated by seven analysts on average.
- Average Net Sales per Store: $1.07 million versus the four-analyst average estimate of $1.03 million.
- Number of stores - End of period: 482 versus the four-analyst average estimate of 483.
- Number of new stores: 6 compared to the 7 average estimate based on four analysts.
- Number of stores open at the beginning of period: 476 versus 477.5 estimated by four analysts on average.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>Shares of Ollie's Bargain Outlet have returned +4.6% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.