BG Staffing Inc (BGSF) Expected to Announce Quarterly Sales of $75.26 Million

Wall Street analysts predict that BG Staffing Inc (NASDAQ:BGSF) will report $75.26 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for BG Staffing’s earnings, with estimates ranging from $75.15 million to $75.37 million. BG Staffing posted sales of $75.70 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.6%. The company is expected to announce its next earnings report on Thursday, March 14th.

On average, analysts expect that BG Staffing will report full-year sales of $290.12 million for the current year, with estimates ranging from $290.01 million to $290.23 million. For the next financial year, analysts forecast that the company will post sales of $317.89 million, with estimates ranging from $315.54 million to $320.24 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for BG Staffing.

BG Staffing (NASDAQ:BGSF) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.08. The firm had revenue of $77.06 million for the quarter, compared to analysts’ expectations of $76.39 million.

Separately, Taglich Brothers reissued a “speculative buy” rating on shares of BG Staffing in a research report on Tuesday.

BGSF stock opened at $25.65 on Friday. BG Staffing has a 12-month low of $15.25 and a 12-month high of $29.59.

About BG Staffing

BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.

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