Ollie’s Bargain Outlet (OLLI) reported quarterly earnings of $1.23 per share for the period ending January 2024, surpassing the Zacks Consensus Estimate of $1.16 per share. This marks an increase from $0.84 per share a year prior and represents a 6.03% earnings surprise. The company’s revenues totaled $648.95 million, slightly below analyst expectations by 0.02%, but up from $549.79 million in the same quarter last year.
The retailer has exceeded consensus EPS estimates in three of the last four quarters and currently has a Zacks Rank of #3 (Hold). For the upcoming quarter, the consensus EPS estimate is $0.63 with projected revenues of $513.89 million. Since the start of the year, Ollie’s shares have declined by approximately 0.7%, compared to an 8.6% gain in the S&P 500 index.
