A Preview Of Big 5 Sporting Goods's Earnings
Portfolio Pulse from Benzinga Insights
Big 5 Sporting Goods (NASDAQ:BGFV) is expected to report a Q4 earnings per share (EPS) of $-0.39 on February 27, 2024. Historical data shows a significant share price movement following earnings announcements, with a 22.52% drop after last quarter's miss. Shares are currently trading at $5.25, down 39.86% over the last year. Investors are looking for an earnings beat and positive guidance for the next quarter.
February 26, 2024 | 5:01 pm
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NEGATIVE IMPACT
Big 5 Sporting Goods is anticipated to report a Q4 EPS of -$0.39. Historical performance indicates significant price volatility post-earnings, with shares currently down 39.86% over the past year.
Given the historical negative reaction to earnings misses and the current downward trend in BGFV's stock price, it's likely that any failure to meet or exceed the EPS estimate could lead to further declines in the short term. However, positive guidance could mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100