BGSF (NYSE:BGSF) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS

BGSF (NYSE:BGSF) posted its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.16), FiscalAI reports. The firm had revenue of $25.13 million during the quarter, compared to analysts’ expectations of $27.00 million. BGSF had a negative net margin of 2.35% and a negative return on equity of 7.21%.

BGSF Price Performance

Shares of NYSE:BGSF traded down $0.16 during midday trading on Friday, reaching $3.37. 45,994 shares of the company’s stock were exchanged, compared to its average volume of 17,206. The firm’s 50 day simple moving average is $4.77 and its two-hundred day simple moving average is $5.47. The stock has a market cap of $35.99 million, a price-to-earnings ratio of -17.74 and a beta of 0.52. BGSF has a fifty-two week low of $3.23 and a fifty-two week high of $6.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of BGSF in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average 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.