Ollie's Bargain Outlet Holdings Inc reports results for the quarter ended April 30 - Earnings Summary

• Ollie's Bargain Outlet Holdings Inc OLLI.OQ reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 73 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 66 cents to 74 cents per share.

• Revenue rose 13.4% to $576.77 million from a year ago; analysts expected $565.90 million.

• Ollie's Bargain Outlet Holdings Inc's reported EPS for the quarter was 77 cents​.

• The company reported quarterly net income of $47.56 million.

• Ollie's Bargain Outlet Holdings Inc shares had fallen by 3.8% this quarter and gained 2.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the discount stores peer group is also "buy"

• Wall Street's median 12-month price target for Ollie's Bargain Outlet Holdings Inc is $127.00

This summary was machine generated from LSEG data June 3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)