Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) will be reporting earnings tomorrow before the bell. Here’s what you need to know.
Ollie’s met analysts’ revenue expectations last quarter, reporting revenues of $517.4 million, up 7.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Ollie’s a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ollie’s revenue to grow 4% year on year to $674.9 million, slowing from the 18% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.19 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ollie’s has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Ollie’s peers in the discount retailer segment, some have already reported their Q4 results, giving us a hint as to what we can expect. TJX posted flat year-on-year revenue, beating analysts’ expectations by 1%, and Burlington reported revenues up 4.8%, topping estimates by 0.9%. TJX’s stock price was unchanged after the results, while Burlington was up 1.3%.
Read our full analysis of TJX’s results here and Burlington’s results here.
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