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Ollie's Bargain Outlet (OLLI) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Ollie's Bargain Outlet (OLLI - Free Report) closed at $96.31, marking a +0.27% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.11%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.19%.
Prior to today's trading, shares of the retailer had gained 12.66% over the past month. This has outpaced the Consumer Staples sector's gain of 2.71% and the S&P 500's gain of 4.42% in that time.
OLLI will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.44, up 7.32% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $318.88 million, up 15.65% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.16 per share and revenue of $1.45 billion. These totals would mark changes of +18.03% and +16.47%, respectively, from last year.
It is also important to note the 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% lower. OLLI is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, OLLI currently has a Forward P/E ratio of 44.54. This valuation marks a premium compared to its industry's average Forward P/E of 16.05.
Also, we should mention that OLLI has a PEG ratio of 1.88. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Consumer Products - Staples was holding an average PEG ratio of 3.34 at yesterday's closing price.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% 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.
To follow OLLI in the coming trading sessions, be sure to utilize Zacks.com.
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Ollie's Bargain Outlet (OLLI) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Ollie's Bargain Outlet (OLLI - Free Report) closed at $96.31, marking a +0.27% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.11%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.19%.
Prior to today's trading, shares of the retailer had gained 12.66% over the past month. This has outpaced the Consumer Staples sector's gain of 2.71% and the S&P 500's gain of 4.42% in that time.
OLLI will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.44, up 7.32% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $318.88 million, up 15.65% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.16 per share and revenue of $1.45 billion. These totals would mark changes of +18.03% and +16.47%, respectively, from last year.
It is also important to note the 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% lower. OLLI is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, OLLI currently has a Forward P/E ratio of 44.54. This valuation marks a premium compared to its industry's average Forward P/E of 16.05.
Also, we should mention that OLLI has a PEG ratio of 1.88. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Consumer Products - Staples was holding an average PEG ratio of 3.34 at yesterday's closing price.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% 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.
To follow OLLI in the coming trading sessions, be sure to utilize Zacks.com.