In the latest trading session, Ollie's Bargain Outlet (OLLI - Free Report) closed at $96.86, marking a +0.63% move from the previous day. This change outpaced the S&P 500's 0.45% loss on the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.5%.
Prior to today's trading, shares of the retailer had gained 9.77% over the past month. This has outpaced the Consumer Staples sector's gain of 4.05% and the S&P 500's gain of 2.62% in that time.
Wall Street will be looking for positivity from OLLI as it approaches its next earnings report date. The company is expected to report EPS of $0.44, up 7.32% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $318.88 million, up 15.65% from the year-ago period.
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.
Investors should also note any recent changes to analyst estimates for OLLI. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.19% higher. OLLI currently has a Zacks Rank of #3 (Hold).
Digging into valuation, OLLI currently has a Forward P/E ratio of 44.63. For comparison, its industry has an average Forward P/E of 15.67, which means OLLI is trading at a premium to the group.
Also, we should mention that OLLI has a PEG ratio of 1.89. 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. The Consumer Products - Staples industry currently had an average PEG ratio of 3.57 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.