Ollie’s Bargain Outlet (NASDAQ:OLLI) reported its Q2 earnings results on Thursday, September 1, 2022 at 07:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Ollie’s Bargain Outlet missed estimated earnings by 33.33%, reporting an EPS of $0.22 versus an estimate of $0.33.
Revenue was up $36.60 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.1 which was followed by a 4.33% increase in the share price the next day.
Here’s a look at Ollie’s Bargain Outlet’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.3 | 0.66 | 0.47 | 0.55 |
| EPS Actual | 0.2 | 0.69 | 0.34 | 0.52 |
| Revenue Estimate | 417.24M | 513.13M | 415.12M | 435.75M |
| Revenue Actual | 406.67M | 501.13M | 383.49M | 415.88M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Ollie’s Bargain Outlet management provided guidance for FY 2022, expecting earnings between $1.74 and $1.79 per share.
To track all earnings releases for Ollie’s Bargain Outlet visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
