In the latest trading session, Ollie's Bargain Outlet (OLLI - Free Report) closed at $90.60, marking a +0.2% move from the previous day. The stock outpaced the S&P 500's daily of 0%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Heading into today, shares of the retailer had gained 12.59% over the past month, outpacing the Consumer Staples sector's gain of 5.19% and the S&P 500's gain of 5.49% in that time.
Wall Street will be looking for positivity from OLLI as it approaches its next earnings report date. In that report, analysts expect OLLI to post earnings of $0.44 per share. This would mark year-over-year growth of 7.32%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $318.88 million, up 15.65% from the year-ago period.
OLLI's full-year Zacks Consensus Estimates are calling for earnings of $2.16 per share and revenue of $1.45 billion. These results would represent year-over-year changes of +18.03% and +16.47%, respectively.
Investors might also notice recent changes to analyst estimates for OLLI. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.67% higher. OLLI is currently a Zacks Rank #3 (Hold).
Digging into valuation, OLLI currently has a Forward P/E ratio of 41.93. For comparison, its industry has an average Forward P/E of 14.68, which means OLLI is trading at a premium to the group.
Meanwhile, OLLI's PEG ratio is currently 1.77. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Consumer Products - Staples stocks are, on average, holding a PEG ratio of 2.28 based on yesterday's closing prices.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 97, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.