BGSF (NYSE:BGSF) Releases Earnings Results, Misses Estimates By $0.16 EPS

BGSF (NYSE:BGSF) released its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.16), FiscalAI reports. The business had revenue of $25.13 million during the quarter, compared to analysts’ expectations of $27.00 million. BGSF had a negative net margin of 8.99% and a negative return on equity of 13.69%.

BGSF Price Performance

Shares of BGSF stock traded down $0.29 during midday trading on Wednesday, hitting $3.90. The company had a trading volume of 19,118 shares, compared to its average volume of 16,953. The company’s 50 day simple moving average is $4.83 and its 200 day simple moving average is $5.49. BGSF has a 52-week low of $3.25 and a 52-week high of $6.75. The stock has a market cap of $41.65 million, a price-to-earnings ratio of -5.27 and a beta of 0.52.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of BGSF in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

BGSF Company Profile

BGSF Inc is a workforce solutions and professional services company that provides staffing, consulting and managed services to businesses across several industries. The company helps clients address temporary, contract, direct-hire and project-based workforce needs through specialized personnel and service offerings.

BGSF operates through professional staffing and property management services. Its professional services include information technology staffing and consulting, finance and accounting staffing, and other workforce solutions.