Big 5 Sporting Goods Corp.
) is scheduled to report its first-quarter fiscal 2014 results
after the market closes on Apr 29. Last quarter, this sporting
goods retailer posted a positive earnings surprise of
approximately 9.09%. Let's see how things are shaping up for this
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Growth Factors in the Past Quarter
Big 5 reported satisfactory financial results for the fourth
quarter and fiscal 2013, driven by continued focus on improvising
product margins and effective cost management. The company sales
improved year over year, while comps declined marginally in the
fourth quarter. Sales results were primarily impacted by
comparatively higher firearm and ammunition sales in the
prior-year period and an unfavorable weather across the western
markets, offset by a heartening performance in other categories
that mainly reflected the success of the company's merchandising
and marketing strategies.
Additionally, the company came up with disheartening projections
as it anticipates a taxing first-quarter fiscal 2014 ahead due to
the diminished demand for firearms and ammunition products and an
unusually harsh winter in the western markets zone coupled with
severe drought conditions that hindered the demand for winter
Our proven model does not conclusively project Big 5 as likely to
beat earnings this quarter. A stock needs to have both a positive
and a Zacks Rank #1, 2 or 3 to surpass earnings estimates.
However, this is not the case here due to the following factors:
ESP for Big 5 is 0.00% since the Most Accurate estimate stands at
9 cents per share, which is in line with the Zacks Consensus
Zacks Rank #5 (Strong Sell):
Big 5's Zacks Rank #5 when combined with 0.00% ESP makes surprise
prediction difficult. We caution against stocks with a Zacks
Ranks #4 and #5 (Sell rated stocks) going into the earnings
announcement, especially when the company is seeing negative
estimate revisions momentum.
Stocks that Warrant a Look
Here are some other companies you may want to consider as our
model shows they have the right combination of elements:
The Walt Disney Company
) Earnings ESP stands at +1.03% and it carries a Zacks Rank #2
Church & Dwight Co. Inc.
) has an Earnings ESP of +1.37% and a Zacks Rank #3 (Hold).
Dish Network Corp.
) with an Earnings ESP of +4.65% holds a Zacks Rank #3