Zacks: Brokerages Expect BG Staffing Inc (NASDAQ:BGSF) Will Post Earnings of $0.42 Per Share

Analysts forecast that BG Staffing Inc (NASDAQ:BGSF) will announce earnings per share (EPS) of $0.42 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for BG Staffing’s earnings, with estimates ranging from $0.41 to $0.43. BG Staffing reported earnings of $0.49 per share in the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The business is expected to issue its next quarterly earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that BG Staffing will report full year earnings of $1.30 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will post earnings of $1.68 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow BG Staffing.

BG Staffing (NASDAQ:BGSF) last released its earnings results on Wednesday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. The company had revenue of $73.86 million for the quarter, compared to analyst estimates of $74.57 million.

Shares of BGSF traded down $0.31 during trading hours on Friday, hitting $18.50. 1,368 shares of the company were exchanged, compared to its average volume of 69,162. BG Staffing has a fifty-two week low of $15.91 and a fifty-two week high of $29.59. The business’s fifty day simple moving average is $18.28.

About BG Staffing

BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.

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