Brokerages Expect BG Staffing Inc (NASDAQ:BGSF) Will Post Quarterly Sales of $77.20 Million

Equities research analysts predict that BG Staffing Inc (NASDAQ:BGSF) will announce sales of $77.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for BG Staffing’s earnings. The lowest sales estimate is $77.03 million and the highest is $77.36 million. BG Staffing reported sales of $77.06 million during the same quarter last year, which indicates a positive year over year growth rate of 0.2%. The business is scheduled to issue its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that BG Staffing will report full year sales of $291.33 million for the current financial year, with estimates ranging from $289.91 million to $292.74 million. For the next fiscal year, analysts anticipate that the business will report sales of $306.71 million. Zacks’ sales calculations are a mean 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.14. The firm had revenue of $73.86 million during the quarter, compared to analysts’ expectations of $74.57 million.

Shares of BGSF stock traded up $0.16 during mid-day trading on Tuesday, hitting $18.97. The company’s stock had a trading volume of 58,820 shares, compared to its average volume of 67,981. BG Staffing has a 52-week low of $15.91 and a 52-week high of $28.51. The business has a 50-day moving average price of $18.17 and a 200 day moving average price of $20.49.

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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