Top Wall Street Forecasters Revamp Big Lots Price Expectations Ahead Of Q2 Earnings

Core Insights - Big Lots, Inc. is expected to report a quarterly loss of $3.46 per share for the second quarter, compared to a loss of $3.24 per share in the same period last year [2] - The company projects quarterly revenue of $1.04 billion [2] - There are considerations for filing for bankruptcy due to years of declining sales [2] - Big Lots shares experienced a decline of 10.9%, closing at $0.4553 [2] Analyst Ratings - Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating and reduced the price target from $2.5 to $1.5 [2] - Piper Sandler analyst Peter Keith maintained an Underweight rating and lowered the price target from $3.5 to $3 [2] - Goldman Sachs analyst Kate McShane maintained a Sell rating and cut the price target from $5 to $4 [2] - The consensus price target for Big Lots is $1.586 based on recent analyst ratings [2]