Earnings Preview: Big Lots (BIG) Q2 Earnings Expected to Decline

Company Overview - Big Lots (BIG) is expected to report a year-over-year decline in earnings, with a projected loss of $3.69 per share, reflecting a change of -13.9% [3] - Revenues for the upcoming quarter are anticipated to be $1.04 billion, down 8.4% from the same quarter last year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 1.44% lower over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10] - The Most Accurate Estimate for Big Lots is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.36% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a negative Earnings ESP reading, combined with a Zacks Rank of 4 (Sell), makes it difficult to predict an earnings beat for Big Lots [10][17] - Historically, Big Lots has beaten consensus EPS estimates two times over the last four quarters, but in the last reported quarter, it missed expectations by delivering a loss of $4.51 per share against an expected loss of $4.23 [11][12] Industry Context - In comparison, Dollar Tree (DLTR), another player in the discount retail sector, is expected to post earnings of $1.04 per share, indicating a year-over-year change of +14.3% [16] - Dollar Tree's revenues are projected to be $7.51 billion, up 2.5% from the previous year, but it also has a negative Earnings ESP of -1.82% and a Zacks Rank of 4 [16][17]