BGSF Inc reports results for the quarter ended June 30 - Earnings Summary

• BGSF Inc BGSF.N reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of two analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from zero cents to 4 cents per share.

• Revenue fell 65.5% to $23.51 million from a year ago; analysts expected $46.00 million.

• BGSF Inc's reported EPS for the quarter was a loss of 34 cents​.

• The company reported a quarterly loss of $3.74 million.

• BGSF Inc shares had risen by 6.6% this quarter and gained 29.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 233.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the employment services peer group is "buy."

• Wall Street's median 12-month price target for BGSF Inc is $11.50, about 47.2% above its last closing price of $6.07

This summary was machine generated from LSEG data August 8 at 02:29 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)