Bj's Wholesale Club Holdings Inc Up 8.34% To $74.90 After Earnings Beat

BJ's Wholesale Club Holdings Inc (BJ) surpassed earnings projections on 8/18/2022 for Q2 2022.

Wall Street earnings per share (EPS) projections for Bj's Wholesale Club Holdings Inc were at $0.78. The company beat those estimates with an EPS of $1.06. The earnings per share of $1.06 (which represents a -36% EPS surprise) led to the company's profits rising 29% compared to last year when the firm reported an EPS of $0.82. The increase in Bj's Wholesale Club Holdings Inc's annual growth rate represents how the business is performing well amid recent economic conditions.

Revenues were upbeat at $5.1 billion. That is an increase of 22.19% in revenues from the year-ago report and is 10.72% higher than consensus estimates set at $4.6 billion.

The stock is up 8.34% to $74.90 after the report.

Bj's Wholesale Club Holdings Inc's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Bj's Wholesale Club Holdings Inc a Bearish Sentiment Rank from InvestorsObserver.

Bj's Wholesale Club Holdings Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 97, putting Bj's Wholesale Club Holdings Inc in the top 25% of stocks. The firm was recently trading at a 52-week low of $51.45 on May 20, 2022 and set a 52-week high on November 19, 2021 at $74.09.

BJ's Wholesale Club Holdings Inc is a warehouse club and gas station operator. The company provides various products such as television and electronics, furniture, computers and tablets, appliances, food products, and others. It generates its revenue from the sale of merchandise.