BGSF (BGSF) Reports Q3 Loss, Lags Revenue Estimates

Core Viewpoint - BGSF reported a quarterly loss of $0.07 per share, missing the Zacks Consensus Estimate of$ 0.11, and showing a significant decline from earnings of $0.36 per share a year ago, indicating an earnings surprise of -163.64% [1] Financial Performance - BGSF's revenues for the quarter ended September 2024 were$ 71.19 million, which missed the Zacks Consensus Estimate by 5.09% and decreased from $83.48 million year-over-year [2] - The company has not surpassed consensus revenue estimates over the last four quarters [2] Stock Performance - BGSF shares have declined approximately 19.2% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is$ 0.09 on revenues of $75.5 million, and for the current fiscal year, it is$ 0.06 on revenues of $287.4 million [7] Industry Context - The Business - Services industry, to which BGSF belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]