Overview
DHI Q2 revenue falls 11% yr/yr to $32 mln, missing analyst expectations, per LSEG data
Company reports net loss of $0.8 mln due to $4.2 mln restructuring charge
Non-GAAP EPS rises to $0.07 from $0.06
Outlook
DHI Group lowers full-year revenue guidance to $126-$128 mln
Company expects Q3 revenue between $31 mln and $32 mln
DHI raises full-year Adjusted EBITDA margin guidance to 26%
Result Drivers
RESTRUCTURING CHARGE - Net loss attributed to $4.2 mln restructuring charge aimed at future cost savings
CLEARANCEJOBS PERFORMANCE - ClearanceJobs revenue up 1% yr/yr, demonstrating strategic importance and profitability
DICE DECLINE - Dice revenue and bookings down significantly, reflecting broader tech hiring challenges
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$32.03 mln
$32.20 mln (3 Analysts)
Q2 EPS
-$0.02
Q2 Net Income
-$841,000
Q2 Adjusted EBITDA
$8.50 mln
Q2 Adjusted EBITDA Margin
27.0%
Q2 Operating income
-$1.26 mln
Q2 Pretax Profit
-$1.92 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for DHI Group Inc is $4.25, about 33.9% above its August 5 closing price of $2.81
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nBw4k41dXa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)