Needham & Company Maintains a 'Buy' on Big 5 Sporting Goods (BGFV); Positive Earnings Surprise
Tweet Send to a FriendGet Alerts BGFV Hot Sheet
Price: $20.50 -0.39%
Rating Summary:
3 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
3 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade BGFV Now!
Needham & Company maintains a 'Buy' on Big 5 Sporting Goods (NASDAQ: BGFV) price target of $13.00.
Analyst, Sean McGowan, said, "BGFV reported 2Q sales results that were in line with expectations and earnings that were above consensus...Looking ahead to 3Q, management expects same store sales in the positive low to mid-single digit range and EPS of $0.28-$0.34. Despite initial positive commentary about 3Q, we remain skeptical about GM expansion; we are leaving our ’12 EPS estimate unchanged at $0.65, bringing down ’13 ($0.95 to $0.90), and leaving ’14 at $1.15."
For an analyst ratings summary and ratings history on Big 5 Sporting Goods click here. For more ratings news on Big 5 Sporting Goods click here.
Shares of Big 5 Sporting Goods closed at $7.54 yesterday, with a 52 week range of $5.34-$11.59.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Sean McGowan, said, "BGFV reported 2Q sales results that were in line with expectations and earnings that were above consensus...Looking ahead to 3Q, management expects same store sales in the positive low to mid-single digit range and EPS of $0.28-$0.34. Despite initial positive commentary about 3Q, we remain skeptical about GM expansion; we are leaving our ’12 EPS estimate unchanged at $0.65, bringing down ’13 ($0.95 to $0.90), and leaving ’14 at $1.15."
For an analyst ratings summary and ratings history on Big 5 Sporting Goods click here. For more ratings news on Big 5 Sporting Goods click here.
Shares of Big 5 Sporting Goods closed at $7.54 yesterday, with a 52 week range of $5.34-$11.59.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- Topeka Capital Starts CEVA Inc. (CEVA) at Buy
- Topeka Capital Starts Cavium Networks (CAVM) at Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & Company, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
