BG Staffing, Inc. (BGSF - Free Report) will report third-quarter 2020 results on Nov 5, before the bell.
The company’s earnings beat the Zacks Consensus Estimate in the second quarter of 2020. The company delivered an earnings surprise of 76.6% in the last four quarters, on average.
Expectations This Time Around
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $69.1 million, indicating 13% year-over-year decline. The expected growth is likely to be due to coronavirus-led decrease in billable hours in the company’s Real Estate and Light Industrial segments. In second-quarter 2020, BG Staffing’s revenues of $62.6 million declined 15.2% year over year.
Revenue decline is expected to have negatively impacted the bottom line, the consensus mark for which is pegged at 14 cents, indicating 73.1% year-over-year decline. Earnings declined 63.6% year over year in the second quarter of 2020.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for BG Staffing this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
BG Staffing has an Earnings ESP of 0.00% and a Zacks Rank #3.
BG Staffing Inc Price and EPS Surprise
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings his season.
Envestnet, Inc. (ENV - Free Report) has an Earnings ESP of +2.35% and currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Verisk Analytics (VRSK - Free Report) has an Earnings ESP of +4.56% and presently carries a Zacks Rank #3.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +23.19% and a Zacks Rank #3.
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BG Staffing, Inc. (BGSF - Free Report) will report third-quarter 2020 results on Nov 5, before the bell.
The company’s earnings beat the Zacks Consensus Estimate in the second quarter of 2020. The company delivered an earnings surprise of 76.6% in the last four quarters, on average.
Expectations This Time Around
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $69.1 million, indicating 13% year-over-year decline. The expected growth is likely to be due to coronavirus-led decrease in billable hours in the company’s Real Estate and Light Industrial segments. In second-quarter 2020, BG Staffing’s revenues of $62.6 million declined 15.2% year over year.
Revenue decline is expected to have negatively impacted the bottom line, the consensus mark for which is pegged at 14 cents, indicating 73.1% year-over-year decline. Earnings declined 63.6% year over year in the second quarter of 2020.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for BG Staffing this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
BG Staffing has an Earnings ESP of 0.00% and a Zacks Rank #3.
BG Staffing Inc Price and EPS Surprise
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings his season.
Envestnet, Inc. (ENV - Free Report) has an Earnings ESP of +2.35% and currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Verisk Analytics (VRSK - Free Report) has an Earnings ESP of +4.56% and presently carries a Zacks Rank #3.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +23.19% and a Zacks Rank #3.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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