Hackett Group Inc reports results for the quarter ended in March - Earnings Summary

Hackett group

08/05/2024 12:06

* Hackett Group Inc  HCKT.OQ  reported quarterly adjusted
earnings
of 39 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 37 cents.  The mean expectation of three analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 37 cents to 38 cents per share.
    * Revenue rose 8.4% to $77.19 million from a year ago;
analysts
expected $74.52 million. 
    * Hackett Group Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $8.73
million.
    * Hackett Group Inc shares had fallen by 8.6% this
quarter and
lost 2.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Hackett Group Inc
is $28.00 
This summary was machine generated from LSEG data May 8 at 11:05
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.37           0.39           Beat
 Dec. 31 2023      0.37           0.39           Beat
 Sep. 30 2023      0.39           0.41           Beat
 Jun. 30 2023      0.37           0.39           Beat