Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is expected to report second quarter earnings results, after market close, on Thursday 27th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.90 per share from revenue of $ 509.54 million.
Looking ahead, the full year income are expected at $ 2.82 per share on the revenues of $ 1739.70 million.
Previous Quarter Performance
Ollie's Bargain Outlet Holdings, Inc. reported income for the first quarter of $ 0.49 per share, from the revenue of $ 349.36 million. The quarterly earnings swell 6.52 percent compared with the same quarter last year. Wall street analysts are predicting, OLLI to report 1Q20 income of $ 0.31 per share from revenue of $ 315.02 million. The bottom line results beat street analysts by $ 0.18 or 58.06 percent, at the same time, top line results outshined analysts by $ 34.34 million or 10.90 percent.
Stock Performance
Shares of Ollie's Bargain Outlet Holdings, Inc. traded up $ 1.51 or 1.38 percent on Wednesday, reaching $ 110.71 with volume of 1.14 million shares. Ollie's Bargain Outlet Holdings, Inc. has traded high as $ 112.58 and has cracked $ 108.80 on the downward trend
The closing price of $ 110.71, representing a 278.77 % increase from the 52 week low of $ 28.83 and a 3 % decrease over the 52 week high of $ 112.58.
The company has a market capital of $ 7.28 billion and is part of the Consumer Defensive sector and Discount Stores industry.
Recent Analyst recommendations
- On 22nd July 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 114.00 target price.
- On 22nd July 2020, maintained by Credit Suisse Group at Neutral rating, with $ 95.00 target price.
- On 22nd July 2020, downgraded by Citigroup to Sell from Neutral rating.
- On 22nd July 2020, maintained by KeyBanc at Overweight rating, with $ 115.00 target price.
Conference Call
Ollie's Bargain Outlet Holdings, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, (800) 219-7052 U.S., and the passcode is 1174635 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/aqkx2m2t
Ollies Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.
