WBA - Big Lots Reports Q1 Loss Misses Revenue Estimates | Benzinga
Big Lots (NYSE: BIG) came out with a quarterly loss of $4.51 per share versus the Zacks Consensus Estimate of a loss of $4.23. This compares to loss of $3.40 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -6.62%. A quarter ago, it was expected that this discount retailer would post a loss of $0.12 per share when it actually produced a loss of $0.28, delivering a surprise of -133.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Big Lots, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $1.01 billion for the quarter ended April 2024, missing the Zacks Consensus Estimate by 3.03%. This compares to year-ago revenues of $1.12 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Big Lots shares have ...