Recap: Big 5 Sporting Goods Q3 Earnings

Big 5 Sporting Goods BGFV reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:01 PM.

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

Big 5 Sporting Goods their estimated earnings by 5.31%, reporting an EPS of $1.07 versus an estimate of $1.13, which did not surprise analysts.

Revenue was up $15,322,000 from the same period last year.

Last quarter the company beat on EPS by $0.55, which was followed by a 9.41% drop in the share price the next day.

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

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	1.08	0.5	0.90
EPS Actual	1.63	0.9	0.83	1.31
Revenue Estimate	291.65M	260.18M	290.53M	265.99M
Revenue Actual	326.02M	272.81M	290.58M	304.96M

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 their next quarter, expecting earnings between $0.95 and $1.15 per share for the nextquarter.

This represents a -1.87% in quarter-over-quarter growth for Big 5 Sporting Goods, a bearish signal to many investors.

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