Mid-Morning Market Update: Markets Open Higher; Big Lots Reports Downbeat Profit
Following the market opening Friday, the Dow traded up 0.30% to 35,320.11 while the NASDAQ rose 0.27% to 14,986.36. The S&P also rose, gaining 0.33% to 4,484.57.
Telsey Advisory Group Downgrades Big Lots to Market Perform, Maintains $72 Price Target
Telsey Advisory Group analyst Joe Feldman downgrades Big Lots (NYSE:BIG) from Outperform to Market Perform and maintains $72 price target.
Big Lots Q2 EPS $1.09 Misses $1.13 Estimate, Sales $1.46B Miss $1.48B Estimate
Big Lots (NYSE:BIG) reported quarterly earnings of $1.09 per share which missed the analyst consensus estimate of $1.13 by 3.54 percent. This is a 60.36 percent decrease over earnings of $2.75 per share from the same
5 Stocks To Watch For August 27, 2021
Some of the stocks that may grab investor focus today are:
Wall Street expects Big Lots, Inc. (NYSE: BIG) to report quarterly earnings at $1.13 per share on revenue of $1.48 billion before the opening bell. Big Lots shares rose 1.4% to $55.00 in after-hours trading.
Earnings Scheduled For August 27, 2021
Companies Reporting Before The Bell
Big Lots, Inc. (NYSE: BIG) is expected to report quarterly earnings at $1.13 per share on revenue of $1.48 billion.
Thursday’s Market Minute: To Taper Or Not To Taper; That Is The Question!
For the rest of the week, the focus for investors and traders will be squarely on the Fed at the Jackson Hole Symposium as we await comments from chair Jerome Powell on Friday. Market participants are looking for further insight as to the Fed’s position on when they expect to begin tapering the $120B in monthly asset purchases currently in place.
Analyzing Big Lots’s Unusual Options Activity
On Tuesday, shares of Big Lots (NYSE:BIG) saw unusual options activity. After the option alert, the stock price moved up to $55.48.