Big Lots set to report earnings on Friday morning
Retailer Big Lots will report its latest quarterly results before the opening bell on Friday, May 26.
Video transcript
RACHELLE AKUFFO: All right, turning now to our stock to watch, my pick is Big Lots. Now the stock was positive today ahead of its earnings coming out before the bell tomorrow. You see that, though, it's fallen in extended hours there, down about 0.8%.
Now the stock is actually down more than 50%, though, over the past year. Now we've seen retailers fare so differently this earnings season. Think Walmart versus Macy's or even Ulta versus Gap today after the bell. And they're having the same rising inflation and challenging macroeconomic conditions. So all bets are essentially off.
Now consensus EPS is expected at $0.94. That's down 64.1% year over year. And the consensus revenue estimate is about $1.46 billion. That's down 10.4% year over year. But over the last two years, they have beaten EPS estimates 75% of the time and revenue estimates 88% of the time, so we shall see.