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Big 5 Sporting Goods Corp. Message Board

  • investor_apple investor_apple May 8, 2011 10:48 AM Flag

    Zacks #5 Rank

    On Friday May 6, 2011, 7:04 am
    Stock added to the Zacks #5 Rank ("strong sell") List today:

    Big 5 Sporting Goods (NasdaqGS: BGFV - News)

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    • And the details in case you missed em :(

      acks Equity Research, On Friday May 6, 2011, 1:00 am EDT
      Big 5 Sporting Goods (NasdaqGS: BGFV - News) earnings of $0.13 per share for the first quarter 2011 missed the Zacks Consensus Estimate of $0.19, and also fell short of its own guidance range of $0.15 to $0.22 per share. The company posted a 43.5% decline in the earnings due to lower same-store sales and higher operating expenses.

      Consequently, the company now expects second-quarter 2011 earnings between $0.06 and $0.14 per share. Big 5 Sporting also encounter intense competition from national chains, mass merchandisers and regional stores, which may also dent its profitability.

      Moreover, seasonal nature of business and risks associated with sourcing from foreign countries also undermine the company's future operating performance. Currently, we maintain long-term Underperform recommendation on the stock.

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