Big 5 Sporting Goods Corp. (BGFV) Releases Q4 Earnings Guidance
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.22 to $0.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.25, Analyst Ratings Network.com reports. The company issued revenue guidance of $248.0 million, compared to the consensus revenue estimate of $253.32 million.
A number of analysts have recently weighed in on BGFV shares. Analysts at Zacks reiterated a neutral rating on shares of Big 5 Sporting Goods Corp. in a research note to investors on Tuesday, December 17th. They now have a $19.00 price target on the stock. Analysts at Credit Suisse raised their price target on shares of Big 5 Sporting Goods Corp. from $16.00 to $17.00 in a research note to investors on Wednesday, October 30th. They now have an underperform rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $19.64.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) traded down 2.76% on Monday, hitting $17.99. The stock had a trading volume of 868,240 shares. Big 5 Sporting Goods Corp. has a 52-week low of $12.92 and a 52-week high of $25.00. The stock has a 50-day moving average of $18.57 and a 200-day moving average of $18.74. The company has a market cap of $395.0 million and a price-to-earnings ratio of 15.14.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last announced its earnings results on Tuesday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $259.10 million for the quarter, compared to the consensus estimate of $264.71 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Big 5 Sporting Goods Corp. will post $1.32 earnings per share for the current fiscal year.
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States, operating 414 stores in 12 states under the Big 5 Sporting Goods name as of December 30, 2012.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.