Big 5 Sporting Goods Q4: Earnings Are Turning Bleak (Rating Downgrade) [Seeking Alpha]
Big 5 Sporting Goods Corporation (BGFV)
Last big 5 sporting goods corporation earnings: 2/25 04:01 pm
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US:NASDAQ Investor Relations:
big5sportinggoods.com/store/company/investorrelations
Company Research
Source: Seeking Alpha
The company's Q1 guidance indicates continued weak sales, with no recovery in sight yet. To me, it seems that BGFV's fundamentals are poor, and don't support great profitability or revenue growth even with a macroeconomic recovery. The management also hasn't closed down stores or had other very significant cost initiatives, making the situation worse in my eyes. As it stands, the risk-to-reward seems to be worsening, despite a falling stock price. As such, I downgrade to a sell rating. Big 5 Sporting Goods ( NASDAQ: BGFV ) reported its Q4/2023 results on the 27th of February. The company's financial results continue to disappoint investors, and the given Q1 guidance doesn't show too signs of improvement. After my previous write-up published on the 20th of September titled "Big 5 Sporting Goods: Looking For Sustainable Earnings Level" initiating the stock at a hold rating, Big 5's stock has had a bleak total return of -29% compared to an S&P 500 return of 14%. As the company
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BGFV
News
- Big 5 Sporting Goods Corporation to Report Fiscal 2024 First Quarter Results on April 30, 2024GlobeNewswire
- Big 5 Sporting Goods Co. (NASDAQ: BGFV) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Big 5 Sporting Goods (NASDAQ:BGFV) shareholders have endured a 74% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
- Big 5 Sporting Goods Co. (NASDAQ: BGFV) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Big 5 Sporting Goods Co. (NASDAQ: BGFV) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
BGFV
Earnings
- 2/27/24 - Miss
BGFV
Analyst Actions
- 2/29/24 - TheStreet
BGFV
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 3/26/24 - Form 4
- BGFV's page on the SEC website