BIG News and Press, Big Lots Inc. From 05/31/22

Big Lots (NYSE:BIG) further lowers its price target to $23 from $31 and maintains hold rating on the shares. PT implies a potential downside of 14.63% from the stock’s previous close. Q1 earnings miss on May 27 with pessimist outlook weigh on the stock. J. P. Morgan sees 75% downside f...

Based on several recent reports, it appears the Fed may be achieving its goal of demand destruction. What’s more, even though inflation is still elevated, it appears to be moderating based on the latest data. On top of this, the market has been massacred over the last few m...

The following slide deck was published by Big Lots, Inc. in conjunction with their 2022 Q1 earnings call. For further details see: Big Lots, Inc. 2022 Q1 - Results - Earnings Call Presentation

Cannabis stocks Canopy Growth (NASDAQ:CGC) and Aurora Cannabis (NASDAQ:ACB) were among the standout decliners in Friday's intraday trading. CGC dropped on earnings news, while a financing plan sparked a nearly 40% decline in ACB. Meanwhile, Big Lots (BIG) continued the recent focus on retail ...

Big Lots (NYSE:BIG -9.1%) could be in for more big declines yet, according to JP Morgan. Shares of the Columbus, Ohio-based retailer reeled on Friday after reporting stark slowdowns in sales and ballooning inventory that will hang over shares for the foreseeable future. Yet, JP Morgan analyst...

Big Lots, Inc. (BIG) Q1 2022 Results Conference Call May 27, 2022 08:00 AM ET Company Participants Bruce Thorn - President & Chief Executive Officer Jonathan Ramsden - Executive Vice President & Chief Financial Officer Conference Call Participants Spencer Hanus - Wolfe Research Joe Fe...

Big Lots (NYSE:BIG) shares cratered on Friday after the company missed analyst estimates by a wide margin and voiced little confidence in the quarters ahead. The Columbus, Ohio-based discount retailer reported a surprise EPS loss of $0.37, a whopping $1.37 below expectations, alongside a $90M...

Big Lots press release (NYSE:BIG): Q1 GAAP EPS of -$0.39 misses by $1.37. Revenue of $1.37B (-16.0% Y/Y) misses by $90M. Shares -12% PM. 3-year comparable sales growth of 2% with significant slowdown in April. For Q2, the company expects three-year comps to accelerate to positive mid to high-...

Big Lots (NYSE:BIG) is scheduled to announce Q1 earnings results on Friday, May 27th, before market open. The consensus EPS Estimate is $0.94 (-64.1% Y/Y) and the consensus Revenue Estimate is $1.46B (-10.4% Y/Y). Over the last 2 years, BIG has beaten EPS estimates 75% of the time and has bea...

Discount stores are big gainers on Thursday after strong earnings results from Dollar General (NYSE:DG +12.0%) and Dollar Tree (NASDAQ:DLTR +18.7%). Both dollar stores indicated that demand remained robust in the first quarter, with net and comparable sales for both retailers rising above est...