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Surging Earnings Estimates Signal Good News for Big 5 Sporting Goods (BGFV)
November 10, 2016

BGFV

Trades from $3

Big 5 Sporting Goods Corp. (BGFV - Free Report) is a sporting goods retailer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BGFV’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Big 5 Sporting Goodscould be a solid choice for investors.

Current Quarter Estimates for BGFV

In the past 30 days, 4 estimates have gone higher for Big 5 Sporting Goodswhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 19 cents a share 30 days ago, to 30 cents today, a move of 57.9%.

Current Year Estimates for BGFV

Meanwhile, Big 5 Sporting Goods’ current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 57 cents per share 30 days ago to 80 cents per share today, an increase of 40.3%.

BIG 5 SPORTING Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 13.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank  stocks here.

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