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BGSF (BGSF)
NYSE:BGSF
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.08Last Year’s EPS
$0.21Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -25.06%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were notable achievements such as the successful launch of the lead generation technology and growth in Managed Solutions, the company faced significant revenue decline compared to the previous year and pressure on gross profit margins. Sequential improvements in certain areas provide some optimism, but overall challenges persist.Company Guidance
During the BGSF Q3 2024 earnings call, executives discussed several key financial metrics and operational highlights. The company reported third-quarter revenues of $71.2 million, with Property Management contributing $30 million and the Professional segment contributing $41 million. Sequentially, total revenue increased by 4.5%, while Property Management saw a seasonal lift of 15.9% from the previous quarter. However, the Professional segment's revenue was soft, experiencing a 12.9% decline compared to the prior year. The IT consulting sales, representing nearly 70% of quarterly revenues, showed slight sequential growth. Managed Solutions also posted robust performance, with a double-digit year-over-year increase and a 10% sequential lift. Notably, the company launched a lead generation technology that generated 400 marketing qualified leads and 171 sales qualified leads, resulting in over $1 million in booked revenue. Gross profit for the quarter was $24.3 million, with a margin of 34.2%, and adjusted EBITDA improved to $3.2 million or 4.5% of revenue. The company's debt-to-EBITDA leverage ratio stood at 3.8x. Despite current challenges, BGSF expressed optimism for future growth, citing stabilization in IT consulting and potential benefits from easing macroeconomic pressures.Launch of Advanced Lead Generation Technology
BGSF successfully launched a new lead generation engine in Q3 2024, generating almost 400 marketing qualified leads and 171 sales qualified leads, resulting in more than $1 million in booked revenue.
Managed Solutions Growth
Managed Solutions business experienced double-digit growth year-over-year and a 10% sequential lift compared to Q2 2024.
Sequential Improvement in Adjusted EBITDA
Adjusted EBITDA improved to $3.2 million or 4.5% of revenue, compared to $2.6 million or 3.8% in Q2 2024.
Increase in IT Consulting Sales
IT consulting sales, which represent the largest revenue category, were up slightly on a sequential basis compared to Q2 2024.
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BGSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BGSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $7.70 | $7.32 | -4.94% |
| Aug 07, 2024 | $8.74 | $8.66 | -0.92% |
| May 08, 2024 | $9.13 | $7.70 | -15.66% |
| Mar 13, 2024 | $9.62 | $9.87 | +2.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BGSF (BGSF) report earnings?
BGSF (BGSF) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is BGSF (BGSF) earnings time?
BGSF (BGSF) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BGSF EPS forecast?
BGSF EPS forecast for the fiscal quarter 2024 (Q4) is -$0.08.
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