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

Resources Connection

19/07/2024 24:02

* Resources Connection Inc  RGP.OQ  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 44 cents.  The mean expectation of four analysts
for the quarter was for earnings of 7 cents per share. Wall
Street expected results to range from 3 cents to 12 cents per
share.
    * Revenue fell 19.7% to $148.20 million from a year ago;
analysts
expected $140.60 million. 
    * Resources Connection Inc's reported EPS for the quarter
was 31
cents​.
    * The company reported quarterly net income of $10.47
million.
    * Resources Connection Inc shares had fallen by 0.6% this
quarter and lost 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
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 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for Resources
Connection Inc is $15.00 
This summary was machine generated from LSEG data July 18 at
11:02 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
 May. 31 2024      0.07           0.28           Beat
 Feb. 29 2024      0.06           0.17           Beat
 Nov. 30 2023      0.13           0.28           Beat
 Aug. 31 2023      0.19           0.20           Beat