Big 5 Sporting Goods Q3 Adj $(0.34) Misses $(0.25) Estimate, Sales $220.60M Down From $239.89M YoY
Portfolio Pulse from Benzinga Newsdesk
Big 5 Sporting Goods reported a Q3 loss of $(0.34) per share, missing the $(0.25) estimate, with sales down 8.04% year-over-year to $220.60M.
October 29, 2024 | 8:38 pm
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Big 5 Sporting Goods reported a Q3 loss of $(0.34) per share, missing the $(0.25) estimate, with sales down 8.04% year-over-year to $220.60M.
The significant miss on earnings per share and the year-over-year decline in sales are likely to negatively impact the stock price in the short term. The earnings miss was 36% below analyst expectations, and the sales decline indicates potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100