SPAR (US:SGRP) ZACKS·2024-10-03 23:05Core Viewpoint - SPAR Group, Inc. is experiencing a positive stock performance relative to broader market indices, with a recent share price of $2.44, reflecting a 0.41% increase, while the S&P 500 and other indices faced losses [1] Financial Performance - The upcoming financial results for SPAR Group, Inc. are anticipated to show an EPS of $0.02, indicating no change from the same quarter last year, while revenue is projected at $42 million, representing a 37.62% decline from the previous year [2] - For the full year, earnings are expected to be $0.46 per share, marking a 119.05% increase, while revenue is forecasted at $207 million, reflecting a 21.22% decrease from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for SPAR Group, Inc. are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which incorporates these estimate changes, currently rates SPAR Group, Inc. as a 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] Valuation Metrics - SPAR Group, Inc. has a Forward P/E ratio of 5.28, which is significantly lower than the industry average Forward P/E of 17.86, indicating a valuation discount [7] - The Business Services industry, to which SPAR Group belongs, is ranked 188 in the Zacks Industry Rank, placing it in the bottom 26% of over 250 industries [7][8]