SPAR (US:SGRP) ZACKSยท2024-09-18 22:56Company Performance - SPAR Group, Inc. closed at $2.40, with no change from the previous day, while the S&P 500, Dow, and Nasdaq experienced losses of 0.29%, 0.25%, and 0.31% respectively [1] - Over the past month, SPAR Group's shares have appreciated by 40.35%, significantly outperforming the Business Services sector's gain of 4.82% and the S&P 500's gain of 1.57% [1] Earnings Projections - The upcoming earnings report for SPAR Group is projected to show earnings per share (EPS) of $0.02, indicating no change from the same quarter last year, while revenue is expected to be $42 million, reflecting a 37.62% drop compared to the year-ago quarter [2] - For the full year, the Zacks Consensus Estimates project earnings of $0.46 per share and revenue of $207 million, representing changes of +119.05% and -21.22% respectively from the previous year [3] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for SPAR Group are important as they indicate the changing nature of near-term business trends, with positive revisions suggesting analysts' confidence in the company's performance [4] - The Zacks Rank system, which assesses stocks from 1 (Strong Buy) to 5 (Strong Sell), currently ranks SPAR Group at 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [6] - SPAR Group's Forward P/E ratio is 5.22, which is a discount compared to the industry's average Forward P/E of 18.59 [7] Industry Context - The Business Services industry, which includes SPAR Group, has a Zacks Industry Rank of 144, placing it within the bottom 44% of over 250 industries [7] - Research indicates that industries in the top 50% rated by Zacks outperform those in the bottom half by a factor of 2 to 1 [8]