BGSF Q3 Adj EPS $0.36 Beats $0.30 Estimate, Sales $83.48M Miss $84.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
BGSF reported Q3 adjusted earnings of $0.36 per share, beating the analyst consensus estimate of $0.30 by 20%. However, the company's quarterly sales of $83.48 million missed the analyst consensus estimate of $84.85 million by 1.61%. This represents a 25% decrease in earnings and a 6.33% increase in sales compared to the same period last year.
November 09, 2023 | 7:40 am
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BGSF's Q3 earnings beat estimates but sales missed, indicating mixed performance. Earnings decreased by 25% YoY, while sales increased by 6.33%.
BGSF's earnings beat estimates, which is positive for the stock. However, the miss on sales and the decrease in earnings compared to last year could negatively impact the stock. The increase in sales YoY is a positive sign, but it's unclear how these mixed results will affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100