Brief: HireQuest Q2 Revenue USD 7.6 Million

Hirequest

07/08/2025 21:05

Overview

HireQuest Q2 revenue falls 12% yr/yr, missing analyst expectations, per LSEG data

Adjusted EBITDA for Q2 beats consensus despite staffing market softness

Outlook

Company to focus on controlling expenses and pursuing M&A opportunities

Company aims to benefit from operating leverage when demand returns

Result Drivers

STAFFING MARKET SOFTNESS - HireQuest cites prolonged softness in the staffing market as a key factor affecting Q2 results

FRANCHISE MODEL - Unique franchise model positions HireQuest for operating leverage when demand returns

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$7.60 mln
$7.67 mln (2 Analysts)
Q2 Adjusted EBITDA
Beat
$3.30 mln
$3.21 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 Hirequest Inc is $14.00, about 30.2% above its August 6 closing price of $9.77

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nACSPTy2la

(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.)