These Analysts Cut Their Forecasts On Ollie's Bargain Outlet After Q3 Earnings - Ollie's Bargain Outlet (NASDAQ:OLLI)

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. reported mixed third-quarter results, with adjusted earnings per share exceeding analyst expectations but sales falling short of projections [1][2]. Financial Performance - The company reported third-quarter adjusted earnings per share of 75 cents, beating the analyst consensus estimate of 73 cents [1]. - Quarterly sales reached $613.62 million, reflecting an 18.6% year-over-year increase, but missed the expected $614.397 million [1]. Future Outlook - Following the better-than-expected third-quarter results, the company raised its fiscal 2025 adjusted earnings per share guidance from $3.76–$3.84 to $3.81-$3.87, compared to the analyst estimate of $3.85 [2]. - The sales guidance for 2025 was also increased from $2.631 -$2.644 billion to $2.648 -$2.655 billion, against the consensus of $2.644 billion [2]. Stock Performance - Ollie's Bargain shares fell 0.3% to trade at $113.79 following the earnings announcement [3]. - Analysts adjusted their price targets for Ollie's Bargain after the earnings report [3]. Analyst Ratings - UBS analyst Mark Carden maintained a Neutral rating on Ollie's Bargain Outlet and lowered the price target from $141 to $130 [4]. - Piper Sandler analyst Peter Keith reiterated an Overweight rating but cut the price target from $150 to $140 [4].