The Hackett Group Sees Q4 EPS $0.36-$0.38 Vs $0.39 Est.; Revenue $69M-$70.4M Vs $73.29M Est.
Portfolio Pulse from Benzinga Newsdesk
The Hackett Group has provided its Q4 2023 business outlook, estimating total revenue before reimbursements to be between $69.0 million and $70.4 million, and adjusted diluted earnings per share to be between $0.36 and $0.38. These estimates are lower than the previous estimates of $73.29 million revenue and $0.39 EPS.
November 08, 2023 | 1:42 am
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NEGATIVE IMPACT
The Hackett Group's Q4 2023 outlook is lower than previously estimated, which could negatively impact its stock price in the short term.
The Hackett Group's lower than expected Q4 2023 outlook could lead to a decrease in investor confidence, potentially causing a short-term drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100