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Big 5 Sporting Goods: Q4 Earnings Insights

Author: Benzinga Insights | February 27, 2024 05:25pm

Big 5 Sporting Goods (NASDAQ:BGFV) reported its Q4 earnings results on Tuesday, February 27, 2024 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Big 5 Sporting Goods missed estimated earnings by -5.0%, reporting an EPS of $-0.41 versus an estimate of $-0.39.

Revenue was down $41.96 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08 which was followed by a 23.0% drop in the share price the next day.

Here's a look at Big 5 Sporting Goods's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.16 -0.03 0.03 0.07
EPS Actual 0.08 -0.01 0.01 0.08
Revenue Estimate 243.62M 227.89M 229.16M 238.29M
Revenue Actual 239.89M 223.57M 224.94M 238.31M

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 Q1 2024, expecting earnings between $-0.4 and $-0.3 per share.

To track all earnings releases for Big 5 Sporting Goods visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BGFV

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