- Forward View's Nathan Yates reiterates a Buy rating and $18 price target on Big 5 Sporting Goods (NASDAQ:BGFV) after taking in the retailer's pre-announcement release.
- Yates: "Sales fell around 3.15% y/y to $266.3M, below our forecast for a 1% sales decline. (The Wall Street consensus was $273.6M.) Big 5’s adjusted EPS guidance, however, was tightened to $0.34–$0.35 from the previous $0.25–$0.35. Forward View was forecasting adjusted EPS of $0.33, above the consensus of $0.30. Considering that Big 5’s hard goods revenue comp rose 4–6% and the apparel sales comp climbed 1–3%, the strong profits are surprising."
- Shares of BGFV fell 4.32% yesterday.
- Previously: Big 5 Sporting Goods reports preliminary Q4 results (Jan. 17)
Forward View breaks down Big 5 Sporting Goods
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| Symbol | Last Price | % Chg |
|---|---|---|
| BGFV | - | - |
| Big 5 Sporting Goods Corporation | ||