Big Lots (BIG, $26.98) Q1 earnings missed...

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Abhoy Sarkar

published in Blogs

May 31, 2022

Big Lots (BIG, $26.98) Q1 earnings missed analysts' expectations

Big Lots posted its quarterly earnings that missed analysts’ expectations.

The retail company’s earnings of $0.39 came in below analysts’ consensus estimates of $1.10 (RTT News reports).

Revenue fell -15.4% from the year-ago quarter to $1.37 billion during the quarter, compared to analyst estimates of $1.46 billion.

Big Lots e-commerce revenue (which accounts for more than 7% of sales) registered a +20% year over year surge in same-day deliveries.

The company management predicts three-year comps to accelerate to positive mid-to-high-single digits in fiscal second quarter.

The management expects its promotional activity to push the second quarter gross margin rate into the low-30's range and the SG&A dollars to be slightly up from the fiscal 2021 figure. Management projects a significant sequential improvement in the fiscal third quarter, with the fiscal fourth quarter predicted to be in line with the year-ago quarter’s figures.

Related Tickers: BIG

Sergey Savastiouk

published in Blogs

Mar 07, 2021

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

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Sergey Savastiouk

published in Blogs

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Edward Flores

published in Blogs

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How to Become the Millionaire Next Door

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Alla Petriaieva

published in Blogs

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Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

May 22, 2020

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record.

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published in Blogs

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Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

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How to Start Trading Penny Stocks

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Abhoy Sarkar

published in Blogs

May 08, 2020

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.