Resources Connection Inc expected to post earnings of 49cents a share - Earnings Preview

Resources Connection

03/10/2022 21:04

* Resources Connection Inc  RGP.OQ   RGP.O  is expected
to show a
rise in quarterly revenue when it reports  results on October
5. 
    * The Irvine California-based  company is expected to report
 a
7.8% increase in revenue to $197.473 million from $183.14
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
July 28 2022, for the period ended August 31, was for revenue
between USD195 million and USD200 million.
    * ​Refinitiv's mean analyst estimate for Resources
Connection Inc
is for earnings of 49 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 $25​, above​ its last closing price of $18.07.
​​​

The company's guidance on July 28 2022 for the period ended
August 31 was for gross profit margin between USD39.5% and
USD40%.
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 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​
 Aug. 31 2021  0.25        0.25       0.40      Beat    60
 ​​May.        0.20        0.20       0.73      Beat    265
 31 2021                                                
 Feb. 28 2021  -0.04       -0.04      0.06      Beat    250​
 Nov. 30 2020  0.20        0.19       0.17      Missed  -10.5
 Aug. 31 2020  0.07        0.07       0.10      Beat    42.9
 This summary was machine generated October 3 at 20:04 GMT.  All
figures in US dollars  unless otherwise stated