Resources Connection Inc expected to post earnings of 6 cents a share - Earnings Preview

Resources Connection

01/04/2024 21:02

* Resources Connection Inc  RGP.OQ   RGP.O  is expected
to show a
fall in quarterly revenue when it reports  results on April 3
for the period ending February 29 2024
    * The Irvine California-based  company is expected to report
a
18.2% decrease in revenue to $152.772 million from $186.78
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on January 3
2024, for the period ended February 29, was for revenue between
$150.00 million and $155.00 million.
    * ​LSEG's mean analyst estimate for Resources Connection Inc
is
for earnings of 6 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "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 $17.00​, above​ its last closing price
of $13.16. ​​​

The company's guidance on January 3 2024 for the period ended
February 29 was for gross profit margin between USD35.5% and
USD36%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  0.18        0.13       0.28      Beat    115.4
 Aug. 31 2023  0.23        0.19       0.20      Beat    5.3
 May. 31 2023  0.35        0.30       0.44      Beat    49.2​
 Feb. 28 2023  0.33        0.33       0.37      Beat    13.8
 ​​Nov.        0.45        0.47       0.59      Beat    25.5
 30 2022                                                
 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. 28 2022  0.40        0.40       0.65      Beat    62.5
 This summary was machine generated April 1 at 20:02 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)