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

BGSF (NYSE:BGSF) posted its 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 analyst estimates 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 on Wednesday, hitting $3.90. The company had a trading volume of 19,118 shares, compared to its average volume of 16,954. BGSF has a 52 week low of $3.25 and a 52 week high of $6.75. The company has a market cap of $41.65 million, a PE ratio of -5.27 and a beta of 0.52. The business has a 50-day simple moving average of $4.83 and a 200-day simple moving average of $5.49.

Analyst Upgrades and Downgrades

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

About BGSF

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.