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Big Lots (BIG): Can it Surpass Estimates in Q3 Earnings?

Big Lots Inc. BIG is scheduled to report third-quarter fiscal 2016 results on Dec 2, before the opening bell.

In the preceding quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 15.6%. Notably, Big Lots surpassed the Zacks Consensus Estimate in the trailing four quarters by an average of 8%. Let’s see how things are shaping up prior to this announcement.

Zacks Model Shows Unlikely Earnings Beat

Our proven model does not conclusively show that Big Lots is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. Big Lots has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 2 cents. While the company’s Zacks Rank #3 increases the predictive power of ESP, we need to have a positive ESP to be confident about an earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Factors Influencing this Quarter

Big Lots’ impressive earnings surprise history, comparable-store sales growth in the past...