Big 5 Sporting Goods: Q4 Earnings Insights

Big 5 Sporting Goods 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.

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.

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).

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.