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BG Staffing (BGSF) to Report Q3 Earnings: What's in Store?
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BG Staffing, Inc. (BGSF - Free Report) is scheduled to report third-quarter 2018 results on Oct 30, before market open.
While the company’s top line is expected to be driven by increase in billable hours, the bottom line should benefit from improving operating performance.
So far this year, shares of BG Staffing have gained 48% against 8.2% decline of the industry it belongs to.
Let’s see how things are shaping up for the announcement.
Strength Across Segments to Drive Top Line
The Zacks Consensus Estimate for third-quarter revenues is pegged at $76.39 million, indicating a 7.2% year-over-year increase.
Strength across the company’s Real Estate and Light Industrial segments is likely to drive the top line. Notably, these two segments witness increased revenues in the third quarter due to seasonality. While Real Estate staffing services witness maximum demand due to increased turns in multifamily units during the summer season when schools are closed, demand for Light Industrial staffing services rises during the third quarter of the year. The top line is expected to be positively impacted by increase in the volume of billable hours.
In second-quarter 2018, revenues of $70.94 million increased 3.2% year over year.
Bottom Line to Improve Year Over Year
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 41 cents per share, indicating year-over-year growth of 17.1%. Revenue growth and improvement in operating performance are likely to boost BG Staffing’s bottom line.
In second-quarter 2018, earnings increased to 54 cents from 25 cents in the year-ago quarter.
What Does Our Model Indicate?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
BG Staffing has a Zacks Rank #3 and an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult.
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
WEX (WEX - Free Report) has an Earnings ESP of +0.15% and a Zacks Rank #2. The company is scheduled to report third-quarter 2018 results on Oct 31.
Paychex (PAYX - Free Report) has an Earnings ESP of +0.82% and a Zacks Rank #2. The company is expected to release first-quarter fiscal 2019 results on Dec 20.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
BG Staffing (BGSF) to Report Q3 Earnings: What's in Store?
BG Staffing, Inc. (BGSF - Free Report) is scheduled to report third-quarter 2018 results on Oct 30, before market open.
While the company’s top line is expected to be driven by increase in billable hours, the bottom line should benefit from improving operating performance.
So far this year, shares of BG Staffing have gained 48% against 8.2% decline of the industry it belongs to.
Let’s see how things are shaping up for the announcement.
Strength Across Segments to Drive Top Line
The Zacks Consensus Estimate for third-quarter revenues is pegged at $76.39 million, indicating a 7.2% year-over-year increase.
Strength across the company’s Real Estate and Light Industrial segments is likely to drive the top line. Notably, these two segments witness increased revenues in the third quarter due to seasonality. While Real Estate staffing services witness maximum demand due to increased turns in multifamily units during the summer season when schools are closed, demand for Light Industrial staffing services rises during the third quarter of the year. The top line is expected to be positively impacted by increase in the volume of billable hours.
In second-quarter 2018, revenues of $70.94 million increased 3.2% year over year.
Bottom Line to Improve Year Over Year
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 41 cents per share, indicating year-over-year growth of 17.1%. Revenue growth and improvement in operating performance are likely to boost BG Staffing’s bottom line.
In second-quarter 2018, earnings increased to 54 cents from 25 cents in the year-ago quarter.
What Does Our Model Indicate?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
BG Staffing has a Zacks Rank #3 and an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult.
BG Staffing Inc Price and EPS Surprise
BG Staffing Inc Price and EPS Surprise | BG Staffing Inc Quote
Stocks to Consider
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Cardtronics has an Earnings ESP of +3.20% and a Zacks Rank #1. The company is slated to release third-quarter 2018 results on Nov 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
WEX (WEX - Free Report) has an Earnings ESP of +0.15% and a Zacks Rank #2. The company is scheduled to report third-quarter 2018 results on Oct 31.
Paychex (PAYX - Free Report) has an Earnings ESP of +0.82% and a Zacks Rank #2. The company is expected to release first-quarter fiscal 2019 results on Dec 20.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>