BJ's Wholesale Club topped analysts' estimates and posted a higher than expected EPS for FQ3

Updated on:
Nov 20th, 2020

BJ's Wholesale Club ($BJ) had the quarterly investors call and presented the fiscal 3rd-quarter report on Thursday. BJ presented FQ3 earnings of $0.92 per share on sales of $3.7 billion. The Wall St estimate was $0.64 per share on revenue of $3.7 billion.

Compared to the same quarter one year ago, EPS was $0.41, so reported EPS is a gain of 124.39%. BJ's Wholesale Club positively surprised in fiscal 2nd-quarter when it reported $0.77, improving previous estimates of $0.60.

On Friday, Deutsche Bank Aktiengesellschaft forecasts a target price of $47.00, with a hold rating. The accuracy of analysts' assessments is not specially high and therefore should never be taken as a straightforward recommendation to buy or sell.

BJ made a 7.3% over the past month, beating the average growth of its competitors. Having a look at its direct competitors, Walmart (WMT) marked a 5.5%, Costco Wholesale (COST) marked a 1.8%, Target (TGT) made a 5.5%, Dollar General (DG) performed a -3.5%, Dollar Tree (DLTR) made a -0.2% and Ollie's Bargain Outlet (OLLI) marked a -1.8%. Dollar Tree is presenting earnings results in the coming days.

BJ's Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products, as well as gasoline and other ancillary services. The company also sells its products through its website and mobile app. As of May 2, 2020, it operated 218 warehouse clubs and 145 gas stations in 17 states. The company was formerly known as Beacon Holding Inc. and changed its name to BJ's Wholesale Club Holdings, Inc. in February 2018.. The stock belongs to the Discount Stores industry in the Consumer Defensive sector. Headquarters are based in Westborough, United States, and employs 27,231 people worldwide. Its corporate website is http://www.bjs.com.

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