Hackett Group Q2 adjusted revenue misses estimates on business model transition

Hackett group

04/08/2026 21:33

Overview
U.S. AI consulting firm's Q2 adjusted revenue missed analyst expectations, adjusted EPS met consensus
Total revenue declined yr/yr as company transitions business model
Company repurchased $4 mln of stock, amended credit facility post-quarter

Outlook
Hackett Group sees Q3 2026 revenue before reimbursements between $68 mln and $70 mln
Company expects Q3 2026 adjusted diluted EPS between $0.37 and $0.39
Hackett Group anticipates sequential revenue growth and year-over-year adjusted EPS growth in Q3

Result Drivers
BUSINESS MODEL TRANSITION - Co said Q2 reflected ongoing transition of its business model
SEGMENT PERFORMANCE - Global S&BT and Oracle Solutions revenue declined yr/yr, SAP Solutions grew

Company press release: ID:nBw7vHYj1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$69.30 mln
 
Q2 Adjusted Revenue
Miss
$68.30 mln
$69.51 mln (3 Analysts)
Q2 Adjusted EPS
Meet
$0.34
$0.34 (3 Analysts)
Q2 EPS
 
$0.18
 

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 business support services peer group is "buy"
Wall Street's median 12-month price target for The Hackett Group, Inc. is $17.00, about 50.3% above its August 3 closing price of $11.31
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)