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BJ's Wholesale Club Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Published 17/11/2023, 06:46
© Reuters.  BJ's Wholesale Club Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
BJ
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Benzinga - by Lisa Levin, Benzinga Editor.

BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) is projected to release financial results for its third quarter, before the opening bell on Nov. 17, 2023.

Analysts expect the company to post quarterly earnings at 96 cents per share, down from year-ago earnings of 99 cents per share. The company’s revenue might come in at $4.96 billion for the latest quarter.

BJ's Wholesale, during August, reported mixed results for the second quarter.

BJ's Wholesale shares fell 5.4% to close at $67.60 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Deutsche Bank analyst Krisztina Katai downgraded the stock from Buy to Hold and cut the price target from $79 to $71 on Nov. 6, 2023. This analyst has an accuracy rate of 61%.
  • Gordon Haskett analyst Chuck Grom upgraded the stock from Hold to Buy on Nov. 10, 2023. This analyst has an accuracy rate of 66%.
  • Goldman Sachs analyst Kate McShane downgraded the stock from Buy to Neutral and slashed the price target from $75 to $73 on Oct. 17, 2023. This analyst has an accuracy rate of 63%.
  • Evercore ISI Group analyst Greg Melich maintained an In-Line rating and raised the price target from $68 to $69 on Sept. 8, 2023. This analyst has an accuracy rate of 63%.
  • B of A Securities analyst Robert Ohmes maintained a Buy rating and cut the price target from $85 to $80 on Aug. 23, 2023. This analyst has an accuracy rate of 75%.

Read This Next: Top 5 Financial Stocks That Could Sink Your Portfolio In Q4

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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