Big 5 Sporting Goods: Q2 Earnings Insights

Big 5 Sporting Goods BGFV reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:00 PM.

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

Big 5 Sporting Goods missed estimated earnings by 10.87%, reporting an EPS of $0.41 versus an estimate of $0.46.

Revenue was down $72.22 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 5.48% drop in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.37	0.85	1.13	1.08
EPS Actual	0.41	0.89	1.07	1.63
Revenue Estimate	242.28M	273.40M	314.60M	291.65M
Revenue Actual	241.98M	273.36M	289.64M	326.02M

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 Q3 2022, expecting earnings between $0.22 and $0.32 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.

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