Big Lots, Inc. [BIG] Stock Forecast

While the top- and bottom-line numbers for Big Lots (BIG) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Big Lots is currently trading at multi-decade lows following poor results that included a suspension in their quarterly dividend. While results were disappointing, the factors driving the weakness weren't all unique to BIG. I, therefore, view the significant pullback as overdone. Recently announced initiatives, such as the closure of their forward distribution centers, could trickle into margins later in the year.

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Big Lots' (BIG) first-quarter results reflect a year-over-year decline in both the top line and bottom line. Results are affected by challenging macroeconomic environment and vendor disruption.

The discount retailer is suspending its dividend as revenue fell over 18% year-over-year in its latest quarter.

As Bed Bath & Beyond NASDAQ: BBBY goes through the painful and defeating process of declaring bankruptcy, investors who have a financial - and often emotional - vested interest in other similar companies are feeling the heat of what could happen when things go wrong. Big Lots NYSE: BIG shares are sliding aggressively during the opening of Friday's trading session, declining by as much as 18.5% after the company released its first quarter 2023 earnings results; markets express that they are not happy with what the company has achieved during the past twelve months.

Shares of Big Lots, Inc. (NYSE:BIG) have already hit a more than three-decade low of $5.67 in this morning's trading, last seen down 17%, after the company recorded disappointing first-quarter results and suspended its dividend.

Big Lots (BIG) came out with a quarterly loss of $3.40 per share versus the Zacks Consensus Estimate of a loss of $1.95. This compares to loss of $0.39 per share a year ago.

Shares of Big Lots Inc. BIG, -5.50% tumbled 10.5% toward a 32-year low in premarket trading Friday, after the discount home essentials retailer reported a much wider-than-expected fiscal first-quarter loss and sales that also missed forecasts. Net losses for the quarter to April 29 swelled to $206.1 million, or $7.10 a share, from $11.1 million, or 39 cents a share, in the year-ago period.

Big Lots (BIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Big Lots, Inc. is a US stock , located in Columbus of Oh and trading under the symbol BIG

7 stock analysts have 7 predictions with a medium analyst target price of $21. The lowest prediction is $10 and the highest is $34

Big Lots, Inc. stock price is $6.635 today.

Yes, Big Lots, Inc. is a publicly traded company.