Earnings Preview: BJ's Wholesale

BJ's Wholesale (BJ) is expected to report Q3 earnings before market open Wednesday, November 19, with a conference call scheduled for 8:30 am ET.

Guidance

Analysts are looking for a profit of 46c on revenue of $2.45B. The consensus range is 36c to 50c for EPS and $2.41B to $2.48B for revenue, according to First Call. On November 6, BJ's gave Q3 EPS guidance, saying that as a result of unprecedented market conditions in the retail gasoline industry during the quarter, profits generated by BJ's gasoline stations greatly exceeded the company's expectations. Primarily as a result of higher than expected gasoline income, the company increased its earnings guidance for Q3 to a range of 45c to 49c per diluted share, from previous guidance of 36c to 40c per diluted share. Despite this positive guidance, and outperforming its Q2 expectations, BJ's stock is down almost -18% since its Q2 report on August 20.

BJ's next upcoming event is the Morgan Stanley Global Consumer & Retail Conference on November 20.