Big 5 Sporting Goods Q4 EPS $(0.41) Misses $(0.39) Estimate, Sales $196.35M Beat $196.29M Estimate
Portfolio Pulse from mahesh@benzinga.com
Big 5 Sporting Goods (NASDAQ:BGFV) reported a Q4 EPS of $(0.41), missing the $(0.39) estimate by 5.13%, and a 612.5% decrease from last year's earnings. Sales were $196.35M, slightly above the $196.29M estimate but 17.61% lower than the previous year.
February 27, 2024 | 9:22 pm
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Big 5 Sporting Goods reported a significant decrease in earnings and a slight decrease in sales compared to last year, missing EPS estimates but slightly beating sales forecasts.
The miss on the EPS estimate and the significant decrease in earnings compared to the previous year are likely to negatively impact investor sentiment towards BGFV in the short term. Although the sales figure slightly exceeded expectations, the overall negative earnings report and year-over-year decline in sales could lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100