Advertisement
Canada markets open in 3 hours 37 minutes

  • S&P/TSX

    21,871.96
    +64.59 (+0.30%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CAD/USD

    0.7292
    -0.0009 (-0.13%)
     

  • CRUDE OIL

    82.15
    +0.25 (+0.31%)
     

  • Bitcoin CAD

    90,711.17
    +342.44 (+0.38%)
     

  • CMC Crypto 200

    1,421.91
    +7.15 (+0.50%)
     

  • GOLD FUTURES

    2,312.10
    -34.30 (-1.46%)
     

  • RUSSELL 2000

    1,967.47
    +19.82 (+1.02%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • NASDAQ futures

    17,382.00
    +32.00 (+0.18%)
     

  • VOLATILITY

    16.70
    -0.24 (-1.42%)
     

  • FTSE

    8,052.76
    +28.89 (+0.36%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6840
    -0.0010 (-0.15%)
     

Surging Earnings Estimates Signal Good News for Big Lots (BIG)

Zacks Equity Research
·2 min read

Big Lots, Inc. BIG is a discount retailer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BIG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Big Lots could be a solid choice for investors.

Current Quarter Estimates for BIG

In the past 30 days, five estimates have gone higher for Big Lots while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 80 cents a share 30 days ago, to $2.37 today, a move of 196.3%.

ADVERTISEMENT

Current Year Estimates for BIG

Meanwhile, Big Lots’ current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $4.44 per share 30 days ago to $6.10 per share today, an increase of 38.6%.

Big Lots, Inc. Price and Consensus

Big Lots, Inc. Price and Consensus
Big Lots, Inc. Price and Consensus

Big Lots, Inc. price-consensus-chart | Big Lots, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 14.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

5 Stocks to Soar Past the Pandemic:In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.

See the 5 high-tech stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Big Lots, Inc. (BIG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research