Ollie's Bargain Outlet (OLLI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Ollie's Bargain Outlet (OLLI) and Symrise AG Unsponsored ADR (SYIEY) have performed compared to their sector so far this year.
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Ollie's Bargain Outlet (OLLI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Ollie's Bargain's (OLLI) commitment to providing brand-name and closeout merchandise at attractive price points results in favorable responses from customers.
Sales for Ollie's are up and profits are way up. As the company continues to thrive in this environment, it can move quickly as some of its rivals struggle.
Ollie's Bargain Outlet stock is primed for a major move
Ollie's Bargain's (OLLI) commitment to providing brand-name and closeout merchandise at attractive price points results in favorable responses from customers.
Remain bullish on OLLI as it should continue to benefit from the weak macro environment. OLLI reported strong 1Q24 results with sales and margin exceeding expectations. Expect OLLI to continue growing at 10% and expand margins, and should continue to trade at a premium to peers.
Ollie's Bargain Outlet (OLLI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.