Big Lots (NYSE:BIG) Issues Earnings Results

Big Lots (NYSE:BIGGet Free Report) issued its quarterly earnings data on Thursday. The company reported ($4.51) EPS for the quarter, missing the consensus estimate of ($4.23) by ($0.28), RTT News reports. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Big Lots had a negative return on equity of 147.35% and a negative net margin of 10.44%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned ($3.40) earnings per share.

Big Lots Stock Down 8.0 %

Shares of NYSE BIG opened at $2.65 on Friday. The company has a debt-to-equity ratio of 7.05, a current ratio of 1.39 and a quick ratio of 0.16. The stock has a fifty day simple moving average of $3.61 and a two-hundred day simple moving average of $4.89. Big Lots has a 1-year low of $2.59 and a 1-year high of $11.06.

Analyst Ratings Changes

BIG has been the subject of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price objective on shares of Big Lots in a research note on Monday, June 3rd. Loop Capital cut Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Finally, upgraded Big Lots from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to, Big Lots has a consensus rating of “Reduce” and a consensus price target of $5.10.

Check Out Our Latest Stock Report on Big Lots

About Big Lots

(Get Free Report)

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, home décor, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, lawn and garden, and other holiday departments; soft home category consists of apparel, hosiery, jewelry; frames, fashion and utility bedding, bath, window, decorative textiles, and area rugs departments; and food category that includes beverages and grocery, specialty foods, and candy and snacks departments.

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Earnings History for Big Lots (NYSE:BIG)

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