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

Resources Connection

24/07/2023 22:01

* Resources Connection Inc  RGP.OQ  reported quarterly
adjusted
earnings of 44 cents​​ per share for the quarter ended in May.
The mean expectation of three analysts for the quarter was
for earnings of 35 cents per share.
    * Revenue fell 15% to $184.45 million from a year ago;
analysts
expected $181.08 million. 
    * Resources Connection Inc's reported EPS for the quarter
was 35
cents​.
    * The mean earnings estimate of analysts was unchanged 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 risen by 1.5% this
quarter and lost 13.2% so far this year.
    * The company reported quarterly net income of $11.77
million.
    * Wall Street's median 12-month price target for Resources
Connection Inc is $20.50 
    * 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 July
24 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Aug. 31 2022      0.49           0.60           Beat