Big Lots Likely To Post Wider Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Big Lots, Inc. BIG is expected to report financial results for the second quarter of fiscal 2023, before the opening bell on Aug. 29, 2023.

Analysts expect the company to post quarterly loss at $4.12 per share, compared to a year-ago loss of $2.28 per share. The company’s revenue might come in at $1.1 billion, compared to $1.35 billion in the year-ago period.

Big Lots shares gained 2.5% to close at $6.28 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Goldman Sachs analyst Kate McShane maintained a Sell rating and cut the price target from $14 to $5 on May 31, 2023. This analyst has an accuracy rate of 70%.
• Deutsche Bank analyst Krisztina Katai maintained a Hold rating and slashed the price target from $8 to $6 on May 30, 2023. This analyst has an accuracy rate of 70%.
• Loop Capital analyst Anthony Chukumba maintained a Hold rating and lowered the price target from $14 to $6 on May 30, 2023. This analyst has an accuracy rate of 68%.
• Piper Sandler analyst Peter Keith downgraded the stock from Neutral to Underweight and cut the price target from $12 to $7 on April 21, 2023. This analyst has an accuracy rate of 77%.

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