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Factors to Know Ahead of Ollie's Bargain (OLLI) Q1 Earnings
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Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) is likely to register a decline in the top line when it reports first-quarter fiscal 2020 numbers on May 28, after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $312.5 million, indicating a decline of 3.8% from the prior-year reported figure.
The bottom line is also expected to decrease year over year. We note that the Zacks Consensus Estimate for earnings for the quarter to be reported has increased by a couple of cents over the past 30 days to 34 cents. However, the figure suggests a decline of roughly 26.1% from the prior-year quarter.
This retailer of brand name merchandise has a trailing four-quarter negative earnings surprise of 4.2%, on average. In the last reported quarter, the company reported negative earnings surprise of 2.6%.
Key Factors to Note
Analysts pointed that the outbreak of novel coronavirus is likely to have impacted Ollie's Bargain’s top line performance. Further, the impact of stiff competition, supply chain pressures and cannibalization of comparable stores cannot be ruled out.
Nonetheless, the company’s business model of “buying cheap and selling cheap”, cost-containment efforts, focus on store productivity and expansion of customer reward program, Ollie's Army bode well.
Again, the company’s results are dependent on the availability of brand name and closeout merchandise at compelling prices, as the same represents roughly 70% of goods purchased. Moreover, the company sells merchandise at prices up to 70% lower than the department and fancy stores, and up to 20-50% lower than mass-market retailers.
Ollies Bargain Outlet Holdings, Inc. Price, Consensus and EPS Surprise
Our proven model predicts an earnings beat for Ollie's Bargain this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Ollie's Bargain has a Zacks Rank #3 and an Earnings ESP of +25.24%.
3 More Stocks With Favorable Combination
Here are some other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Dollar General (DG - Free Report) has an Earnings ESP of +6.69% and a Zacks Rank #2, at present.
Guess (GES - Free Report) currently has an Earnings ESP of +12.75% and a Zacks Rank #2.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Factors to Know Ahead of Ollie's Bargain (OLLI) Q1 Earnings
Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) is likely to register a decline in the top line when it reports first-quarter fiscal 2020 numbers on May 28, after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $312.5 million, indicating a decline of 3.8% from the prior-year reported figure.
The bottom line is also expected to decrease year over year. We note that the Zacks Consensus Estimate for earnings for the quarter to be reported has increased by a couple of cents over the past 30 days to 34 cents. However, the figure suggests a decline of roughly 26.1% from the prior-year quarter.
This retailer of brand name merchandise has a trailing four-quarter negative earnings surprise of 4.2%, on average. In the last reported quarter, the company reported negative earnings surprise of 2.6%.
Key Factors to Note
Analysts pointed that the outbreak of novel coronavirus is likely to have impacted Ollie's Bargain’s top line performance. Further, the impact of stiff competition, supply chain pressures and cannibalization of comparable stores cannot be ruled out.
Nonetheless, the company’s business model of “buying cheap and selling cheap”, cost-containment efforts, focus on store productivity and expansion of customer reward program, Ollie's Army bode well.
Again, the company’s results are dependent on the availability of brand name and closeout merchandise at compelling prices, as the same represents roughly 70% of goods purchased. Moreover, the company sells merchandise at prices up to 70% lower than the department and fancy stores, and up to 20-50% lower than mass-market retailers.
Ollies Bargain Outlet Holdings, Inc. Price, Consensus and EPS Surprise
Ollies Bargain Outlet Holdings, Inc. price-consensus-eps-surprise-chart | Ollies Bargain Outlet Holdings, Inc. Quote
What Does the Zacks Model Unveil?
Our proven model predicts an earnings beat for Ollie's Bargain this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Ollie's Bargain has a Zacks Rank #3 and an Earnings ESP of +25.24%.
3 More Stocks With Favorable Combination
Here are some other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Big Lots (BIG - Free Report) presently has an Earnings ESP of +19.01% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dollar General (DG - Free Report) has an Earnings ESP of +6.69% and a Zacks Rank #2, at present.
Guess (GES - Free Report) currently has an Earnings ESP of +12.75% and a Zacks Rank #2.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>