Big Lots to report third-quarter earnings

What's Happening With BIG View more about BIG >

Discount retailer Big Lots (BIG) is scheduled to release its third-quarter numbers before the market open November 30. Analysts expect a break-even quarter, versus a profit of 6 cents per share during the same period last year.

Technical Analysis

BIG was recently trading at $41.96 down $22.46 from its 12-month high and $5.76 above its 12-month low. InvestorsObserver’s Stock Score Report gives BIG a 58 long-term technical score and a 9 short-term technical score. The stock has recent support above $40 and recent resistance below $44. Of the 10 analysts who cover the stock 5 rate it Strong Buy, 2 rate it Buy, 3 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, BIG gets a score of 49 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Big Lots took a big hit at the start of the year and earnings misses the last two quarters has kept pressure on the stock. Earnings have been falling and that trend is expected is continue this quarter. The good news is that the declining earnings have already been priced into the stock. The street expects a small earnings beat with a whisper of a penny for the quarter. BIG has a very low valuation with a forward P/E of just 8.7, so there is a lot of upside potential on a positive report. Analysts forecast ful year earnings growth of just 0.2%, but the long-term outlook is more favorable with earnings forecast to rise by 6.7% per annum over the next five years. BIG is a risky stock given the muted earnings growth and recent market sentiment, but the valuation will likely limit the downside and the upside could be significant given its recent trading weakness. Despite the recent weakness, analysts see decent upside potential in the stock with an average price target of $49.00, but for the stock to rally the market is going to need to see a string of better than expected quarterly reports.

About Big Lots Inc.

Big Lots Inc is a U.S.-based company principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one third of its stores in California, Texas, Ohio, and Florida.

  • Last Price:
  • Previous Close:
  • Change:
    $-0.36 (-1.23%)
  • Open:
  • Volume:
  • Average Volume (100 Day):
  • Market Capitalization:
    $1.2 B
  • Day's Range:
    $28.29 - $29.42
  • Dividend Yield:
  • 52-week Range:
    $50 - $26.21
  • P-E:
  • EPS:
  • Earnings Date:
  • Ex Dividend Date:
  • Sector:
    Consumer Defensive
  • Industry:
    Discount Stores
  • Analyst Average Recommendation:
    Moderate Buy

Already a member?

Login to see your Stocks to Watch Trade Ideas.

Not yet a member?

Receive a Morning Action trade idea every market day in the Morning Update, plus Stocks to Watch Trade Ideas every Saturday.

Become A Member