NEW YORK (TheStreet) -- TheStreet's Jim Cramer says he'll be focusing on Big Lots (BIG) - Get Free Report Friday morning. That's when the discount retailer plans to report its fiscal first-quarter results.
Cramer says Big Lots is the last of the retailers to report quarterly results and is one that is often rumored to be "in talks."
Big Lots is an outfit that is worth a lot more, Cramer says, because it's in the sweet spot of retailing that's also occupied by Dollar Tree (DLTR) - Get Free Report and Dollar General (DG) - Get Free Report.
Wall Street analysts are expecting earnings of 59 cents a share and revenue of $1.28 billion for the quarter. Last quarter the company beat analysts' earnings estimates by a penny, and its revenue was in line with expectations.
For the first fiscal quarter of 2015, which ends at the end of April, investors will be watching same-store sales numbers, a key metric for retailers.
They'll also want to see how foods and consumables are affecting the company's gross margin. Some analysts are expecting weak sales numbers due to a struggle in this area of their business.
In addition, the company is in the process of building its e-commerce business so investors will want to hear about updates on this.
The stock has a 52-week low of $36.76 and a 52-week high of $51.75. Its 50-day moving average is $46.
Big Lots has provided a 1.6% yield plus a 23% return to investors over the past year.
As for the company's share buybacks, about $200 million has been authorized for 2015.
Currently, Big Lots has an average analyst rating of buy and an average analyst price target of $52.
Last week analysts at Deutsche Bank reiterated their buy rating on the stock and set a $54 price target.
Cantor Fitzgerald initiated coverage earlier this month with a hold rating and a price target of $44.
Columbus, Ohio-based Big Lots has more than 1,400 stores in 48 states. It sells a wide variety of merchandise including toys, furniture, clothing, housewares, electronics and packaged foods.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.