Big 5 Sporting Goods Corporation Sees FY23 EPS $(0.30)-$(0.32) Vs $(0.2) Est.
Portfolio Pulse from Benzinga Newsdesk
Big 5 Sporting Goods Corporation (BGFV) has provided guidance for its FY23 earnings per share (EPS), projecting a loss of $(0.30) to $(0.32). This forecast is worse than the estimated loss of $(0.2) previously anticipated by analysts.
January 16, 2024 | 9:23 pm
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Big 5 Sporting Goods Corporation expects a larger loss in FY23 EPS than analysts estimated, which could negatively impact investor sentiment and the stock price in the short term.
The company's guidance indicating a larger loss than analysts' expectations is a negative signal for investors, often leading to a decrease in stock price as market sentiment adjusts to the new information. Given that earnings are a critical factor in stock valuation, a miss on earnings projections can result in short-term negative price action.
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