Resources Connection Inc expected to post earnings of 35  cents a share - Earnings Preview

Resources Connection

22/07/2023 03:02

* Resources Connection Inc  RGP.OQ   RGP.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 24. 
    * The Irvine California-based  company is expected to report
 a
16.6% decrease in revenue to $181.083 million from $217.03
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
April 4 2023, for the period ended May 31, was for revenue
between $178.00 million and $183.00 million.
    * ​Refinitiv's mean analyst estimate for Resources
Connection Inc
is for earnings of 35 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 $20.5​, above​ its last closing price
of $15.95. ​​​

The company's guidance on April 4 2023 for the period ended May
31 was for gross profit margin between USD40% and USD41%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Feb. 28 2023  0.33        0.33       0.37      Beat    13.8
 Nov. 30 2023  0.45        0.47       0.59      Beat    25.5
 Aug. 31 2022  0.48        0.49       0.60      Beat    23.7​
 May. 31 2022  0.43        0.44       0.67      Beat    52.3
 ​​Feb.        0.40        0.40       0.65      Beat    62.5
 28 2022                                                
 Nov. 30 2021  0.33        0.33       0.47      Beat    42.4​
 Aug. 31 2021  0.25        0.25       0.40      Beat    60
 May. 31 2021  0.20        0.20       0.73      Beat    265
 This summary was machine generated July 22 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated