BGSF Earnings Prediction
The chart below shows how BGSF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BGSF sees a +0.55% change in stock price 10 days leading up to the earnings, and a -3.15% change 10 days following the report. On the earnings day itself, the stock moves by +0.29%. This data can give you a slight idea of what to expect for the next quarter's release.
BGSF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
71.19M
-14.73%
4.47%
Gross Margin
31.52%
-5.83%
-0.79%
Operating Margin
0.66%
-89.83%
312.50%
Net Margin
-1.13%
-135.76%
0.89%
EPS
-0.07
-129.17%
-0.00%
No Data Available
BGSF Earnings Analysis
BGSF, Inc. Corporation (BGSF.N) Earnings Conference Call
Positive
Quarterly Revenue Breakdown: Total revenues for the third quarter were $71 million, which includes almost $30 million in sales in Property Management and $41 million in sales for the Professional segment.
Seasonal Revenue Increase: Property Management revenues reflect a seasonal lift with an increase of 15.9% from the second quarter of 2024.
Managed Solutions Growth: Managed Solutions experienced double-digit growth over a year ago and a 10% sequential lift compared to the second quarter.
Gross Profit Performance: Gross profit and margins in the third quarter were $24.3 million and 34.2% compared to $30 million and 35.9% in the year-ago period, indicating strong performance despite cost pressures.
Earnings Per Share Improvement: We reported adjusted earnings of $0.10 per diluted share, an improvement from $0.07 per share in the 2024 second quarter, which compared to $0.36 per share in the third quarter of 2023.
Negative
Revenue Decline Analysis: Total revenues were $71.2 million versus $83.5 million in the year ago quarter, down sequentially by 4.5%.
Professional Segment Revenue Decline: On a sequential basis, Professional segment revenues remained soft compared to the second quarter and declined in line with competitors, down 12.9% versus the prior year period.
Gross Profit Decline: Gross profit and margins in the third quarter were $24.3 million and 34.2% compared to $30 million and 35.9% in the year ago period, indicating a decline in profitability.
SG&A Expense Trends: SG&A expenses for the third quarter were $22 million compared to $21.6 million in the second quarter and $22.7 million in the prior year's quarter, showing an increase in operational costs.
Adjusted EBITDA Improvement: Third quarter adjusted EBITDA was $3.2 million or 4.5% of revenue compared to $2.6 million or 3.8% in the second quarter, indicating a slight improvement but still reflecting overall financial pressure.
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BGSF Earning Call Sentiment
BGSF, Inc. (BGSF) Q3 2024 Earnings Call Transcript
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BGSF.N
-0.57%Positive
The earnings call shows mixed signals. The decline in revenue and professional segment pressures are concerning, but there are positive signs such as improved adjusted EBITDA and optimism in future revenue growth. The lack of a share repurchase program and unclear strategic alternatives review add uncertainty. Q&A insights reveal no immediate pent-up demand recovery, but an uptick in the Professional segment. The overall sentiment is neutral, balancing the negatives with some positive forward-looking aspects.