Big Lots (BIG) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.05-3.25 for the period, compared to the Thomson Reuters consensus estimate of $3.17. The company issued revenue guidance of +2-3% rev growth calc to $5.508-5.562 billion, compared to the consensus revenue estimate of $5.55 billion.Big Lots also updated its Q1 guidance to $0.63-0.70 EPS.
Several analysts have also recently commented on the stock. Analysts at JPMorgan Chase reiterated an underweight rating on shares of Big Lots in a research note to investors on Wednesday. They now have a $28.00 price target on the stock. On a related note, analysts at Canaccord Genuity downgraded shares of Big Lots from a buy rating to a hold rating in a research note to investors on Wednesday. They now have a $39.00 price target on the stock, up previously from $38.00. Finally, analysts at Piper Jaffray reiterated a neutral rating on shares of Big Lots in a research note to investors on Monday. They now have a $31.00 price target on the stock.
Shares of Big Lots (BIG) traded up 5.90% during mid-day trading on Wednesday, hitting $35.89. Big Lots (BIG) has a 52 week low of $26.69 and a 52 week high of $47.22. The stock’s 50-day moving average is currently $32.53. The company has a market cap of $2.078 billion and a P/E ratio of 12.31.
Big Lots last issued its quarterly earnings data on Wednesday, March 6th. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.98 by $0.11. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company posted $1.75 earnings per share. Big Lots’s revenue was up 5.0% compared to the same quarter last year. Big Lots has set its Q1 guidance at $0.63-0.70 EPS and its FY14 guidance at $3.05-3.25 EPS. Analysts expect that Big Lots (BIG) will post $2.90 EPS for the current fiscal year.
Big Lots, Inc., through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada.
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