Big 5 Sporting Goods (NASDAQ:BGFV) Q3 Results Tops Estimates; Stock Soar to 10 Month High – BGFV, DKS, HIBB, SPCHA

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) moved up 16% on Friday after the company’s third-quarter results surpassed Wall Street forecasts.

The sporting goods retailer reported on Thursday that its net income hiked 41% to $8.2 million or 38 cents a share. That evaluates against $5.8 million or 27 cents a share in the Q3 previous year. The most recent three months period comprises a 1 cent a share costs for store ending.

The company reported that revenue moved up 7% to $251.8 million.

FactSet analysts’ survey anticipated 33 cents a share on $248.5 million of revenue.

Big 5 also estimate earnings of 13 to 21 cents a share for the Q4. Analysts forecasts 18 cents a share.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Dicks Sporting Goods Inc (NYSE:DKS) fell -2.15% to settle at $50.46, Hibbett Sports, Inc. (NASDAQ:HIBB) moved down -1.35% to end at $53.95 while Sport Chalet, Inc. (NASDAQ:SPCHA) jumped +8.05% to finish at $1.61 on Friday.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last session’s volume of 2.05 million shares was surprisingly higher than its average volume of 177,604 shares. The stock after opening at $10.33 hit high price of $12.74 and then closed at $12.02 by scoring +34.76%.

The liquidity measure in recent quarter results of the company was recorded 1.99 as current ratio and on the other side the debt to equity ratio was 0.36 and long-term debt to equity ratio remained at 0.35. The Company had total cash of $5.00 million at hand and a book value per share as $7.42 in the most recent quarter.

The stock’s price volatility was 6.91 % for a week and 3.70% for a month as well as price volatility’s Average True Range for 14 days was 0.50 and its beta remained at 1.88.

BGFV generated revenue of $923.61 million in the previous twelve months and earned $10.87 million. The Company showed a positive 1.18% in the net profit margin as well as in its operating margin which remained at 2.02%. Company’s annual sales growth for the past five years was 0.57%.

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