These Analysts Cut Their Forecasts On Ollie's Bargain Outlet After Q3 Earnings

Benzinga12-11

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reported mixed third-quarter results on Tuesday.

The company reported third-quarter adjusted earnings per share of 75 cents, beating the analyst consensus estimate of 73 cents. Quarterly sales of $613.62 million, up 18.6% year over year, missed the Street view of $614.397 million.

"With the better-than-expected third-quarter results and a very good start to the fourth quarter, we are raising our full-year sales and earnings outlook," said Eric van der Valk, President and CEO.

Ollie's Bargain Outlet raised its fiscal 2025 adjusted earnings per share guidance from $3.76–$3.84 to $3.81-$3.87, compared with the analyst estimate of $3.85. The discount retailer raises 2025 sales guidance from $2.631 -$2.644 billion to $2.648 -$2.655 billion versus the consensus of $2.644 billion.

Ollie's Bargain shares fell 0.3% to trade at $113.79 on Wednesday.

These analysts made changes to their price targets on Ollie's Bargain following earnings announcement.

  • UBS analyst Mark Carden maintained Ollie’s Bargain Outlet with a Neutral and lowered the price target from $141 to $130.
  • Piper Sandler analyst Peter Keith reiterated the stock with an Overweight rating and cut the price target from $150 to $140.

Considering buying OLLI stock? Here’s what analysts think:

Read This Next:

  • Exxon Mobil To Rally More Than 15%? Here Are 10 Top Analyst Forecasts For Wednesday

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment