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

Resources Connection

03/04/2024 22:01

* Resources Connection Inc  RGP.OQ  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in
February, lower than the same quarter last year, when the
company reported EPS of 37 cents.  The mean expectation of
three analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 2 cents to 9
cents per share.
    * Revenue fell 19% to $151.31 million from a year ago;
analysts
expected $152.77 million. 
    * Resources Connection Inc's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $2.55
million.
    * Resources Connection Inc shares had fallen by 4.3% this
quarter and lost 11.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 56%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the business
support
services peer group is  "sell."

Wall Street's median 12-month price target for Resources
Connection Inc is $17.00 
This summary was machine generated from LSEG data April 3 at
09:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      0.06           0.17           Beat
 Nov. 30 2023      0.13           0.28           Beat
 Aug. 31 2023      0.19           0.20           Beat
 May. 31 2023      0.30           0.44           Beat