Friday's Top Two Earnings Reports To Watch: Big Lots And Regis

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Shares of Big Lots, Inc. BIG and Regis Corporation RGS are surging on Thursday trading, ahead of the announcement of the companies’ quarterly financial results, both scheduled for Friday morning before the market opens.

So, let’s take a look at what the Street and the crowd are expecting from these calls.

Big Lots

The small-cap discount retailer is expecting to deliver a 6.4 percent year-over-year increase in earnings; management guided earnings are in the range of $0.31 to $0.35 per share ($0.33 midpoint), up from $0.31 per share reported a year ago.

According to Estimize, the Street and the crowd, for their part, are modeling consensus earnings of $0.34 per share on revenue of $1.192 billion and $1.193 billion, respectively – almost flat year-over-year.

Related Link: Signet Jewelers Q2 Earnings Beat Views

However, it should be noted that last quarter, Big Lots reported earnings of $0.60 per share on revenue of $1.28 billion. It should also be noted that earnings are quite seasonal and tend to peak on the fourth quarter of each year, bottoming in the third quarter.

Regis Corporation

Regis is a small-cap company that owns, operates and franchises beauty salons. For the fourth quarter, the Street is projecting consensus earnings of $0.08 per share on revenue of $477.85 million.

These figures compare to last quarter’s net loss of ($0.07) per share on revenue of $453.96 million and the net loss of ($0.10) per share on revenue of $483.9 million registered a year ago.

However, note in the chart above that the company has widely missed expectations in seven of the last eight quarters.

Image Credit: "Big Lots, Trexlertown (2)" by CyberXRef - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons
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