BJ's Wholesale (BJ) Q1 Earnings Top, Comparable Club Sales Up
BJ's Wholesale Club's (BJ) first-quarter results reflect growth in digitally enabled comparable sales. The metric surges 21% during the quarter.
Compared to Estimates, BJ's (BJ) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for BJ's (BJ) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
BJ's Wholesale Club (BJ) Beats Q1 Earnings and Revenue Estimates
BJ's Wholesale Club (BJ) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.85 per share a year ago.
BJ's Q1 earnings top estimates, but stock still dips
BJ's Wholesale Blub Holdings Inc.'s stock BJ dipped 0.8% early Thursday, even as the company's fiscal first-quarter earnings exceeded expectations and it backed its full-year guidance . Marlborough, Mass.
Is BJ's Wholesale Club (BJ) a Smart Bet Ahead of Q1 Earnings?
BJ's Wholesale Club's (BJ) solid fundamentals, including robust growth in membership, digital sales and private label brands, position it favorably for long-term success.
BJ's Wholesale Club Holdings, Inc. (BJ) Hits Fresh High: Is There Still Room to Run?
BJ's (BJ) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Assessing BJ's Wholesale Club (BJ) Ahead of Q1 Earnings
BJ's Wholesale Club Holdings, Inc. (BJ Quick QuoteBJ - Free Report) is likely to register an increase in the top line when it reports first-quarter fiscal 2024 results on May 23 before market open. The Zacks Consensus Estimate for revenues is pegged at $4,862 million, which indicates growth of 3% from the prior-year reported figure.The bottom line of this operator of membership warehouse clubs is expected to decrease year over year. The Zacks Consensus Estimate for first-quarter earnings per share has been stable at 84 cents over the past 30 days. The consensus estimate suggests a decline of 1.2% from the year-ago quarter.BJ's Wholesale has a trailing four-quarter earnings surprise of 4.2%, on average. In the last reported quarter, this Westborough, MA-based company’s bottom line surpassed the Zacks Consensus Estimate by a margin of 4.7%.Factors to ConsiderBJ's Wholesale’s focus on simplifying assortments, boosting marketing and merchandising capabilities, expanding into high-demand categories and building an own-brand portfolio is commendable. The company remains committed to enhancing omnichannel capabilities, expediting the opening of new clubs and providing value for customers. These endeavors have been contributing to growth in membership signups and renewals. The first quarter is anticipated to reflect the positive impact of BJ's Wholesale's emphasis on better pricing, private-label offerings, merchandise initiatives and digital solutions. These factors are expected to contribute favorably to the company's top-line performance. We expect merchandise comparable club sales to increase 0.5% for the quarter under review.However, the quarter may also reveal challenges, particularly in the form of potential deleverage in SG&A expenses, which could adversely affect margins. We anticipate a 5% year-over-year increase in SG&A expenses for the first quarter, leading to a deleverage of 30 basis points as a percentage of total revenues.BJ's Wholesale Club Holdings, Inc. Price, Consensus and EPS Surprise BJ's Wholesale Club Holdings, Inc. price-consensus-eps-surprise-chart | BJ's Wholesale Club Holdings, Inc. QuoteWhat the Zacks Model UnveilsOur proven model does not conclusively predict an earnings beat for BJ's Wholesale this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.BJ's Wholesale has a Zacks Rank #3 but an Earnings ESP of 0.00%. Stocks With the Favorable CombinationHere are companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:Target (TGT Quick QuoteTGT - Free Report) currently has an Earnings ESP of +6.39% and carries a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter fiscal 2024 earnings per share is pegged at $2.05, flat year over year. You can see the complete list of today’s Zacks #1 Rank stocks here.Target’s top line is expected to decline year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $24.5 billion, which indicates a drop of 3.2% from the figure reported in the prior-year quarter. TGT has a trailing four-quarter earnings surprise of 27.1%, on average.Macy’s (M Quick QuoteM - Free Report) currently has an Earnings ESP of +48.57% and a Zacks Rank of 3. The company is likely to register a decrease in the bottom line when it reports first-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for quarterly earnings per share of 18 cents suggests a sharp decline from the year-ago reported number of 56 cents.Macy’s top line is also expected to decrease year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $4.82 billion, which suggests a decline of 3.2% from the prior-year quarter. Macy’s has a trailing four-quarter earnings surprise of 47.7%, on average.American Eagle Outfitters (AEO Quick QuoteAEO - Free Report) currently has an Earnings ESP of +6.84% and a Zacks Rank #3. The company is likely to register an increase in the bottom line when it reports first-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for quarterly earnings per share of 27 cents suggests a jump of 58.8% from the year-ago quarter.American Eagle Outfitters’ top line is anticipated to rise year over year. The consensus mark for revenues is pegged at $1.15 billion, which implies an increase of 5.9% from the figure reported in the year-ago quarter. AEO has a trailing four-quarter earnings surprise of 22.7%, on average.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. 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