Resources Connection Inc expected to post earnings of 7 cents a share - Earnings Preview

Resources Connection

16/07/2024 21:04

* Resources Connection Inc  RGP.OQ   RGP.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 18
for the period ending January 1 0001
    * The Irvine California-based  company is expected to report
a
23.8% decrease in revenue to $140.603 million from $184.45
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on April 3
2024, for the period ended May 31, was for revenue between
$137.00 million and $142.00 million.
    * ​LSEG's mean analyst estimate for Resources Connection Inc
is
for earnings of 7 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 $10.31. ​​​

The company's guidance on April 3 2024 for the period ended May
31 was for gross profit margin between USD37.5% and USD38%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  0.06        0.06       0.17      Beat    209.1
 Nov. 30 2024  0.18        0.13       0.28      Beat    115.4
 Jan. 1 0001   0.23        0.19       0.20      Beat    5.3​
 May. 31 2023  0.35        0.30       0.44      Beat    49.2
 ​​Jan.        0.33        0.33       0.37      Beat    13.8
 1 0001                                                 
 Jan. 1 0001   0.45        0.47       0.59      Beat    25.5​
 Aug. 31 2022  0.48        0.49       0.60      Beat    23.7
 Jan. 1 0001   0.43        0.44       0.67      Beat    52.3
 This summary was machine generated July 16 at 20:04 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)