Recap: The Hackett Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
The Hackett Group (NASDAQ:HCKT) reported Q4 earnings, beating estimates with an EPS of $0.39 against the expected $0.37, and revenue increased by $2.29 million year-over-year. Despite beating last quarter's EPS estimate, the share price dropped by 8.27% the following day. The company has consistently surpassed EPS estimates over the past four quarters.
February 20, 2024 | 9:25 pm
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The Hackett Group reported higher than expected Q4 earnings with an EPS of $0.39 and a year-over-year revenue increase of $2.29 million.
The Hackett Group's positive earnings report, surpassing EPS estimates and showing revenue growth, typically signals strength and could lead to a positive short-term impact on its stock price. However, it's important to note that despite beating last quarter's EPS estimate, the share price experienced a significant drop the following day. This indicates that while the earnings beat is positive, market reactions can be unpredictable and influenced by broader market conditions or company-specific factors not detailed in the earnings report.
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