Resources Connection Earnings Preview
Portfolio Pulse from Benzinga Insights
Resources Connection (NASDAQ:RGP) is expected to release its quarterly earnings report on Wednesday, 2024-01-03, with an estimated EPS of $0.18. Investors are looking for an earnings beat and positive guidance for the next quarter. The stock price reacted negatively to past earnings misses, with a 6.56% drop after last quarter's miss. Shares are currently trading at $14.17, down 23.9% over the last 52 weeks.
January 02, 2024 | 2:00 pm
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NEUTRAL IMPACT
Resources Connection is anticipated to report quarterly earnings with investors focusing on potential earnings beat and future guidance. Past earnings misses have led to significant stock price declines.
The short-term impact on RGP's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides positive guidance. Historical data shows that the stock price has been sensitive to earnings performance, with notable drops following misses. However, given the mixed past performance, the score remains neutral until the actual earnings results are released.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100