Resources Connection Q1 EPS $0.20 Misses $0.23 Estimate, Sales $170.17M Beat $170.14M Estimate
Portfolio Pulse from Happy Mohamed
Resources Connection (NASDAQ:RGP) reported Q1 earnings of $0.20 per share, missing the analyst consensus estimate of $0.23 by 13.04%. This is a 66.67% decrease from the same period last year. However, the company beat the sales estimate of $170.14M with reported sales of $170.17M, a decrease of 16.61% from last year.
October 04, 2023 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Resources Connection's Q1 earnings missed estimates by 13.04% and decreased 66.67% YoY. Sales beat estimates but decreased 16.61% YoY.
Resources Connection's earnings miss and YoY decrease, along with the decrease in sales, could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100