Resources Connection Inc reports results for the quarter ended November 30 - Earnings Summary

Resources Connection

02/01/2025 22:48

* Resources Connection Inc  RGP.OQ  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended November
30, lower than the same quarter last year, when the company
reported EPS of 28 cents.  The mean expectation of four analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from zero cents to 1 cents per share.
    * Revenue fell 10.7% to $145.62 million from a year ago;
analysts
expected $137.02 million. 
    * Resources Connection Inc's reported EPS for the quarter
was a
loss of $2.08​.
    * The company reported a quarterly loss of $68.72 million.
    * Resources Connection Inc shares had held steady so far
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 85.7%
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 $12.25 
This summary was machine generated from LSEG data January 2 at
10:47 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
 Nov. 30 2024      0.00           0.18           Beat
 Aug. 31 2024      0.03           0.00           Missed
 May. 31 2024      0.07           0.28           Beat
 Feb. 29 2024      0.06           0.17           Beat