Big Lots (NYSE:BIG) reported its Q4 earnings results on Thursday, March 3, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Big Lots missed estimated earnings by 7.89%, reporting an EPS of $1.75 versus an estimate of $1.9.
Revenue was down $6.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 5.34% increase in the share price the next day.
Here's a look at Big Lots's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.16 | 1.13 | 1.69 | 2.50 |
| EPS Actual | -0.14 | 1.09 | 2.62 | 2.59 |
| Revenue Estimate | 1.32B | 1.48B | 1.53B | 1.74B |
| Revenue Actual | 1.34B | 1.46B | 1.63B | 1.74B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Big Lots management provided guidance for their next quarter, expecting earnings between $1.1 and $1.2 per share for the next quarter.
This represents a -34.29% in quarter-over-quarter growth for Big Lots, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
