BGFV) was upgraded from Neutral to Outperform after
back-to-back quarters of
positive earnings surprises along with an encouraging
guidance for the fourth quarter of fiscal 2012.
Driven by strong top-line performance along with effective cost
management, Big 5 Sporting s earnings of $0.38 per share for
third-quarter 2012 came 44.4% higher than the year-ago quarter
earnings and handily surpassed the Zacks Consensus
Estimate of $0.32. The company now anticipates
earnings per share in the range of $0.13 $0.21 per
share in fourth-quarter fiscal 2012
We believe the company's top line will
augment in the future with the strategy of resuming the
store expansion program. Moreover, the company's new
business intelligence system and distribution channel will
help significantly reduce the operating expenses. Our target of
$14.00 is based on 20x EPS estimates.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.