The company is likely to register an increase in the bottom line when it reports second-quarter 2022 numbers. Marriott International MAR currently has an Earnings ESP of +9.47% and a Zacks Rank #1. Here are three companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat: Ollie's Bargain has a Zacks Rank #4 (Sell) and an Earnings ESP of -3.04%. You can see the complete list of today’s Zacks #1 Rank stocks here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Our proven model does not conclusively predict an earnings beat for Ollie's Bargain this time around. price-consensus-eps-surprise-chart | Ollie's Bargain Outlet Holdings, Inc. It has been making an effort to create an alignment between value-driven merchandise and customer demand. Nonetheless, the company’s operating model of “buying cheap and selling cheap,” cost-containment efforts, focus on store productivity and expansion of customer reward program - Ollie's Army might have provided some cushion. Ollie's Bargain had guided first-quarter adjusted earnings in the range of 31-33 cents a share, down from adjusted earnings of 80 cents reported in the year-ago quarter. The company had projected first-quarter operating income between $26.5 million and $28 million, down from $71.2 million reported in the prior-year quarter.Įvidently, the aforementioned factors are likely to get reflected in the company’s bottom line. Certainly, lower gross margin and deleveraging of SG&A expenses might have hurt operating income. In the last reported quarter, SG&A expenses increased due to higher selling expenses associated with 43 net additional stores and escalating wage rates in select markets. We note that SG&A expenses have been increasing for quite some time now.
This suggests a contraction from gross margin of 40.4% reported in the year-ago period.
The company had guided first-quarter gross margin to be approximately 35.8%. It projected first-quarter net sales in the bracket of $417-$422 million, down from $452.5 million reported in the year-ago period.Īgain, a rise in supply chain costs, higher import and trucking costs, and increased wage rates in the distribution centers may have weighed on margins. On its last earnings call, management guided a 14-15% decline in comparable store sales for the quarter under discussion. These factors are likely to have adversely impacted the company’s first-quarter performance. It has been facing persistent higher transportation, product and labor costs. Ollie's Bargain is navigating an uncertain and highly inflationary environment while lapping record government stimulus a year ago. In the last reported quarter, this Harrisburg, PA-based company’s bottom line beat the Zacks Consensus Estimate by 1.5%. The company has a trailing four-quarter negative earnings surprise of 3.4%, on average. The figure suggests a sharp decline of 62.5% from the year-ago period. We note that the Zacks Consensus Estimate for first-quarter earnings per share has slid by a couple of cents to 30 cents over the past 30 days. The bottom line of this extreme value retailer of brand name merchandise is anticipated to decline year over year. The Zacks Consensus Estimate for revenues is pegged at $416 million, indicating a decline of 8.1% from the prior-year quarter. OLLI is likely to register a decline in the top line when it reports first-quarter fiscal 2022 numbers on Jun 8, before the market opens.
0 kommentar(er)
