Wall Street analysts forecast that Ollie's Bargain Outlet (OLLI) will report quarterly earnings of $0.71 per share in its upcoming release, pointing to a year-over-year increase of 22.4%. It is anticipated that revenues will amount to $615.68 million, exhibiting an increase of 19% compared to the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Ollie's Bargain Outlet metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Number of stores - End of period' will reach 640 . Compared to the current estimate, the company reported 546 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Number of new stores' will likely reach 27 . Compared to the current estimate, the company reported 24 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Number of stores open at the beginning of period' should arrive at 613 . The estimate compares to the year-ago value of 525 .
View all Key Company Metrics for Ollie's Bargain Outlet here>>>
Over the past month, shares of Ollie's Bargain Outlet have returned -4.6% versus the Zacks S&P 500 composite's +0.1% change. Currently, OLLI carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ollie's Bargain Outlet Holdings, Inc. (OLLI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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