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BGSF First Quarter 2024 Earnings: Misses Expectations

BGSF (NYSE:BGSF) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$68.8m (down 8.7% from 1Q 2023).

  • Net loss: US$792.0k (loss narrowed by 95% from 1Q 2023).

  • US$0.073 loss per share (improved from US$1.54 loss in 1Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

BGSF Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) was also behind analyst expectations.

The company's shares are down 13% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with BGSF (including 2 which are significant).

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.