BGSF (BGSF) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - BGSF reported a quarterly loss of $0.07 per share, missing the Zacks Consensus Estimate of$ 0.08, and down from earnings of $0.24 per share a year ago, representing an earnings surprise of -187.50% [1] - The company posted revenues of$ 68.14 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 7.92%, and down from $80.8 million in the same quarter last year [2] - Over the last four quarters, BGSF has surpassed consensus EPS estimates three times but has not beaten consensus revenue estimates [2] Stock Performance - BGSF shares have lost about 10.6% since the beginning of the year, while the S&P 500 has gained 9.9% [3] - The current Zacks Rank for BGSF is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is$ 0.30 on $83 million in revenues, and$ 0.40 on $300.77 million in revenues for the current fiscal year [7] - The outlook for the industry can significantly impact the stock's performance, with the Business - Services industry currently in the top 34% of Zacks industries [8]