Resources Connection Inc reports results for the quarter ended in August - Earnings Summary

Resources Connection

04/10/2023 22:01

* Resources Connection Inc  RGP.OQ  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in
August. The mean expectation of three analysts for the quarter
was for earnings of 23 cents per share.
    * Revenue fell 16.6% to $170.17 million from a year ago;
analysts
expected $170.14 million. 
    * Resources Connection Inc's reported EPS for the quarter
was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 32.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Resources Connection Inc shares had fallen by 2.3% this
quarter and lost 20.8% so far this year.
    * The company reported quarterly net income of $3.12
million.
    * Wall Street's median 12-month price target for Resources
Connection Inc is $18.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 4 at 09:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.23           0.20           Missed
 May. 31 2023      0.35           0.44           Beat
 Feb. 28 2023      0.33           0.37           Beat
 Nov. 30 2022      0.47           0.59           Beat