Biggest stock movers: BIG, PLTR, SMMT, and more (NYSE:BIG)

What happened?

Shares of Big Lots (NYSE: BIG) rose 16.3% on Friday after the discount retailer reported better-than-expected financial results for the fiscal fourth quarter.

Palantir Technologies Inc. (NYSE: PLTR) stock rose 11.5% after the data analytics company announced a $227 million contract with the U.S. Army.

Shares of Summit Materials (NYSE: SMMT) jumped 10.4% after the construction materials company reported strong financial results for the fourth quarter.

So what

Big Lots reported fourth-quarter revenue of $1.64 billion, which was above the consensus estimate of $1.62 billion. The company also reported fourth-quarter earnings per share of $2.81, which was well above the consensus estimate of $2.58.

Palantir Technologies reported fourth-quarter revenue of $433 million, which was in line with the consensus estimate. The company reported fourth-quarter net loss of $156 million, which was wider than the consensus estimate of $142 million.

Summit Materials reported fourth-quarter revenue of $669 million, which was above the consensus estimate of $658 million. The company reported fourth-quarter earnings per share of $1.03, which was in line with the consensus estimate.

Now what

Big Lots is a value stock that is trading at a forward price-to-earnings ratio of just 7.5. The company has a strong balance sheet and is generating strong free cash flow.

Palantir Technologies is a high-growth stock that is trading at a forward price-to-sales ratio of 23.5. The company is a leader in the data analytics industry and is benefiting from the increasing demand for data-driven insights.

Summit Materials is a cyclical stock that is trading at a forward price-to-earnings ratio of 15.5. The company is benefiting from the strong demand for construction materials in the United States.