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How Much Will Coronavirus Woes Hurt BGSF's Q4 Earnings?
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BGSF, Inc. (BGSF - Free Report) will report fourth-quarter 2020 results on Mar 11, after the bell.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all of the last four quarters, delivering an average earnings surprise of 89.5%.
Expectations This Time Around
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $69.5 million, indicating 3.9% year-over-year decline. The expected decline is likely to be due to coronavirus-led decrease in billable hours in the company’s Real Estate and Light Industrial segments. Revenue decline is expected to have negatively impacted the bottom line, the consensus mark for which is pegged at 16 cents, indicating 56.8% year-over-year decline.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for BGSF 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.
BGSF has an Earnings ESP of 0.00% and a Zacks Rank #3.
Performance of Some Other Business Services Companies
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and improved 6% year over year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Estimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and improved 0.7% year over year.
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.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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How Much Will Coronavirus Woes Hurt BGSF's Q4 Earnings?
BGSF, Inc. (BGSF - Free Report) will report fourth-quarter 2020 results on Mar 11, after the bell.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all of the last four quarters, delivering an average earnings surprise of 89.5%.
Expectations This Time Around
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $69.5 million, indicating 3.9% year-over-year decline. The expected decline is likely to be due to coronavirus-led decrease in billable hours in the company’s Real Estate and Light Industrial segments. Revenue decline is expected to have negatively impacted the bottom line, the consensus mark for which is pegged at 16 cents, indicating 56.8% year-over-year decline.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for BGSF 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.
BGSF has an Earnings ESP of 0.00% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
BGSF, Inc. Price and EPS Surprise
BGSF, Inc. price-eps-surprise | BGSF, Inc. Quote
Performance of Some Other Business Services Companies
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and improved 6% year over year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Estimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and improved 0.7% year over year.
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.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>