SPAR Group, Inc. (SGRP, Financial) announced its first-quarter revenue at $34 million, a decrease from $49 million in the same period last year. This quarter marks the first time the company is reporting without any international joint ventures. Despite the overall revenue drop, the U.S. and Canada operations experienced a 6% growth in topline and improved operating margins. These improvements, coupled with reduced selling, general, and administrative expenses, resulted in a net income from continuing operations of $0.5 million, translating to an earnings per share of $0.02.
The company is optimistic about future prospects, highlighting the most substantial opportunity pipeline in its history, with more than $200 million in potential business to secure in the U.S. and Canada markets. This strategic focus on its North American operations is seen as a pivotal move for SPAR Group's growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for SPAR Group Inc (SGRP, Financial) is $7.00 with a high estimate of $7.00 and a low estimate of $7.00. The average target implies an upside of 644.84% from the current price of $0.94. More detailed estimate data can be found on the SPAR Group Inc (SGRP) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, SPAR Group Inc's (SGRP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SPAR Group Inc (SGRP, Financial) in one year is $0.75, suggesting a downside of 20.2% from the current price of $0.9398. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SPAR Group Inc (SGRP) Summary page.
