In the latest trading session, Ollie's Bargain Outlet (OLLI - Free Report) closed at $97.57, marking a -1.7% move from the previous day. This change lagged the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.45%, and the Nasdaq, a tech-heavy index, added 1.13%.
Prior to today's trading, shares of the retailer had gained 6.16% over the past month. This has outpaced the Consumer Staples sector's gain of 1.02% and the S&P 500's loss of 2.34% in that time.
Investors will be hoping for strength from OLLI as it approaches its next earnings release. On that day, OLLI is projected to report earnings of $0.44 per share, which would represent 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. OLLI is currently a Zacks Rank #3 (Hold).
Digging into valuation, OLLI currently has a Forward P/E ratio of 46.03. This represents a premium compared to its industry's average Forward P/E of 15.49.
Meanwhile, OLLI's PEG ratio is currently 1.95. 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 3.56 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 202, which puts it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.