BG Staffing Inc (AMEX:BGSF) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, BGSF to report 3Q20 income of $ 0.13 per share.
For the full year, analysts anticipate top line of $ 278.36 million, while looking forward to loss of $ 0.06 per share bottom line.
Previous Quarter Performance
BG Staffing Inc came out with income for the second quarter of $ 0.16 per share, from the revenue of $ 62.60 million. The quarterly earnings fell 56.76 percent compared with the same quarter last year. Wall street analysts are predicting, BGSF to report 2Q20 loss of $ 0.07 per share from revenue of $ 60.89 million. The bottom line results beat street analysts by $ 0.23 or 328.57 percent, at the same time, top line results outshined analysts by $ 1.71 million or 2.81 percent.
Stock Performance
Shares of BG Staffing Inc traded low $ -0.35 or -4.00 percent on Wednesday, reaching $ 8.41 with volume of 29.00 thousand shares. BG Staffing Inc has traded high as $ 8.76 and has cracked $ 8.36 on the downward trend
The closing price of $ 8.41, representing a 53.95 % increase from the 52 week low of $ 5.69 and a 60.86 % decrease over the 52 week high of $ 22.38.
The company has a market capital of $ 86.77 million and is part of the Industrials sector and Staffing & Outsourcing Services industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on August 5, 2020. The dividend were payable on August 25, 2020 to holders of record as of the close of business on August 18, 2020 and ex-dividend date on August 17, 2020.
Conference Call
BG Staffing Inc will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bgstaffing.com
BG Staffing, Inc. provides temporary staffing services in the United States. It operates through three segments: Real Estate, Professional, and Light Industrial.
