Resources Connection Inc expected to post earnings of 23  cents a share - Earnings Preview

Resources Connection

02/10/2023 21:14

* Resources Connection Inc  RGP.OQ   RGP.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Irvine California-based  company is expected to report
 a
16.6% decrease in revenue to $170.138 million from $204.06
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
July 24 2023, for the period ended August 31, was for revenue
between $167.00 million and $172.00 million.
    * ​Refinitiv's mean analyst estimate for Resources
Connection Inc
is for earnings of 23 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 $18​, above​ its last closing price of $14.91.
​​​

The company's guidance on July 24 2023 for the period ended
August 31 was for gross profit margin between USD39.2% and
USD39.7%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.48        0.49       0.60      Beat    23.7
 ​​May.        0.43        0.44       0.67      Beat    52.3
 31 2022                                                
 Feb. 28 2022  0.40        0.40       0.65      Beat    62.5​
 Nov. 30 2021  0.33        0.33       0.47      Beat    42.4
 Aug. 31 2021  0.25        0.25       0.40      Beat    60
 This summary was machine generated October 2 at 20:14 GMT.  All
figures in US dollars  unless otherwise stated