BJ's Earnings: What To Look For From BJ
Membership-only discount retailer BJ’s Wholesale Club (NYSE:BJ) will be announcing earnings results tomorrow before market open. Here's what to expect.
Last quarter BJ's reported revenues of $4.96 billion, down 2.7% year on year, missing analyst expectations by 4.1%. It was a mixed quarter for the company, with an impressive beat of analysts' EPS estimates but a miss of analysts' revenue estimates.
Is BJ's buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting BJ's's revenue to grow 2.7% year on year to $4.91 billion, slowing down from the 12.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.95 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at BJ's's peers in the non-discretionary retail segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Target's revenues decreased 4.2% year on year, beating analyst estimates by 0.6% and Grocery Outlet reported revenues up 9.3% year on year, missing analyst estimates by 0.4%. Target traded up 9.9% on the results, and Grocery Outlet was down 7.1%.
Read our full analysis of Target's results here and Grocery Outlet's results here.
There has been positive sentiment among investors in the non-discretionary retail segment, with the stocks up on average 5.4% over the last month. BJ's is up 2.5% during the same time, and is heading into the earnings with analyst price target of $75, compared to share price of $72.8.
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The author has no position in any of the stocks mentioned.
