BGSF (NYSE:BGSF) Issues Quarterly Earnings Results

BGSF (NYSE:BGSF) announced its quarterly 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. BGSF had a negative net margin of 8.99% and a negative return on equity of 13.69%. The company had revenue of $25.13 million during the quarter, compared to analysts’ expectations of $27.00 million.

BGSF Price Performance

Shares of BGSF traded down $0.29 during midday trading on Wednesday, reaching $3.90. 19,118 shares of the stock were exchanged, compared to its average volume of 16,953. BGSF has a twelve month low of $3.25 and a twelve month high of $6.75. The company has a market capitalization of $41.65 million, a price-to-earnings ratio of -5.27 and a beta of 0.52. The business’s 50-day moving average price is $4.83 and its 200 day moving average price is $5.49.

Analyst Ratings Changes

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