Ollie's (OLLI) Reports Q3: Everything You Need To Know Ahead Of Earnings
Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) will be announcing earnings results this Tuesday before market open. Here’s what to expect.
Ollie's beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $679.6 million, up 17.5% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.
Is Ollie's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Ollie’s revenue to grow 18.9% year on year to $615.3 million, improving from the 7.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.73 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 twice over the last two years.
Looking at Ollie’s peers in the discount retailer segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Five Below delivered year-on-year revenue growth of 23.1%, beating analysts’ expectations by 6.3%, and Ross Stores reported revenues up 10.4%, topping estimates by 2.6%. Five Below traded up 2.4% following the results while Ross Stores was also up 7.9%.
Read our full analysis of Five Below’s results here and Ross Stores’s results here.
There has been positive sentiment among investors in the discount retailer segment, with share prices up 8.9% on average over the last month. Ollie's is down 3.6% during the same time and is heading into earnings with an average analyst price target of $146.93 (compared to the current share price of $121.54).
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