Does Earnings Surprise History Hold Any Clue for Ollie’s Bargain Outlet Stock Forecast, Price & News (NASDAQ:OLLI)

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Earnings results for Ollie’s Bargain Outlet Stock Forecast, Price & News (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings, Inc. is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.86. The reported EPS for the same quarter last year was $0.35.

Ollie’s Bargain Outlet last released its quarterly earnings results on May 28th, 2020. The reported $0.49 EPS for the quarter, topping the consensus estimate of $0.33 by $0.16. The business earned $349.40 million during the quarter, compared to the consensus estimate of $322.90 million. Its revenue for the quarter was up 7.5% on a year-over-year basis. Ollie’s Bargain Outlet has generated $1.96 earnings per share over the last year and currently has a price-to-earnings ratio of 53.5. Ollie’s Bargain Outlet has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on Ollie’s Bargain Outlet Stock Forecast, Price & News (NASDAQ:OLLI)

16 Wall Street analysts have issued ratings and price targets for Ollie’s Bargain Outlet in the last 12 months. Their average twelve-month price target is $97.13, predicting that the stock has a possible downside of 12.27%. The high price target for OLLI is $124.00 and the low price target for OLLI is $59.00. There are currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Ollie’s Bargain Outlet has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 10 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $97.13, Ollie’s Bargain Outlet has a forecasted downside of 12.3% from its current price of $110.71. Ollie’s Bargain Outlet has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Ollie’s Bargain Outlet Stock Forecast, Price & News (NASDAQ:OLLI)

Ollie’s Bargain Outlet does not currently pay a dividend. Ollie’s Bargain Outlet does not have a long track record of dividend growth.

Insiders buying/selling: Ollie’s Bargain Outlet Stock Forecast, Price & News (NASDAQ:OLLI)

In the past three months, Ollie’s Bargain Outlet insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $884,464.00 in company stock. Only 16.46% of the stock of Ollie’s Bargain Outlet is held by insiders.

Earnings and Valuation of Ollie’s Bargain Outlet Stock Forecast, Price & News (NASDAQ:OLLI

Earnings for Ollie’s Bargain Outlet are expected to grow by 3.90% in the coming year, from $2.82 to $2.93 per share. The P/E ratio of Ollie’s Bargain Outlet is 53.48, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of Ollie’s Bargain Outlet is 53.48, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 49.47. Ollie’s Bargain Outlet has a PEG Ratio of 1.74. PEG Ratios above 1 indicate that a company could be overvalued. Ollie’s Bargain Outlet has a P/B Ratio of 6.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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