Big 5 Sporting Goods (NASDAQ:BGFV) reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Big 5 Sporting Goods their estimated earnings by 5.31%, reporting an EPS of $1.07 versus an estimate of $1.13, which did not surprise analysts.
Revenue was up $15,322,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.55, which was followed by a 9.41% drop in the share price the next day.
Here’s a look at Big 5 Sporting Goods’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.08 | 0.5 | 0.90 | |
| EPS Actual | 1.63 | 0.9 | 0.83 | 1.31 |
| Revenue Estimate | 291.65M | 260.18M | 290.53M | 265.99M |
| Revenue Actual | 326.02M | 272.81M | 290.58M | 304.96M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Big 5 Sporting Goods management provided guidance for their next quarter, expecting earnings between $0.95 and $1.15 per share for the nextquarter.
This represents a -1.87% in quarter-over-quarter growth for Big 5 Sporting Goods, a bearish signal to many investors.
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