Big 5 Sporting Goods (NASDAQ:BGFV) reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Big 5 Sporting Goods their estimated earnings by 5.31%, reporting an EPS of $1.07 versus an estimate of $1.13, which did not surprise analysts.

Revenue was up $15,322,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.55, which was followed by a 9.41% drop in the share price the next day.

Here's a look at Big 5 Sporting Goods's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Big 5 Sporting Goods management provided guidance for their next quarter, expecting earnings between $0.95 and $1.15 per share for the nextquarter.

This represents a -1.87% in quarter-over-quarter growth for Big 5 Sporting Goods, a bearish signal to many investors.

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