Resources Connection Inc expected to post earnings of 18 cents a share - Earnings Preview

Resources Connection

01/01/2024 21:03

* Resources Connection Inc  RGP.OQ   RGP.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 3
for the period ending August 31 2023
    * The Irvine California-based  company is expected to report
a
19.2% decrease in revenue to $161.936 million from $200.36
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on October 4
2023, for the period ended November 30, was for revenue between
$160.00 million and $165.00 million.
    * ​LSEG's mean analyst estimate for Resources Connection Inc
is
for earnings of 18 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Resources
Connection Inc is $15.00​, above​ its last closing price
of $14.17. ​​​

The company's guidance on October 4 2023 for the period ended
November 30 was for gross profit margin between USD39.2% and
USD39.7%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Aug. 31 2023  0.23        0.23       0.20      Missed  -13
 May. 31 2023  0.35        0.35       0.44      Beat    25.7
 Feb. 28 2023  0.33        0.33       0.37      Beat    13.8​
 Nov. 30 2022  0.45        0.47       0.59      Beat    25.5
 ​​Aug.        0.48        0.49       0.60      Beat    23.7
 31 2022                                                
 May. 31 2022  0.43        0.44       0.67      Beat    52.3​
 Feb. 28 2022  0.40        0.40       0.65      Beat    62.5
 Nov. 30 2021  0.33        0.33       0.47      Beat    42.4
 This summary was machine generated January 1 at 21:03 GMT.  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)