Recap: HireQuest Q4 Earnings
Portfolio Pulse from Benzinga Insights
HireQuest (NASDAQ:HQI) reported Q4 earnings with an EPS of $0.03, beating estimates by 150% against an expected -$0.06. Revenue increased by $1.72 million year-over-year. This contrasts with the previous quarter where the company missed EPS estimates by $0.07, leading to an 18% share price drop the following day.
March 21, 2024 | 8:15 pm
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HireQuest reported a significant beat on Q4 earnings estimates with an EPS of $0.03, far exceeding the expected -$0.06, and saw a year-over-year revenue increase of $1.72 million.
HireQuest's significant beat on earnings estimates and year-over-year revenue growth are strong indicators of positive performance. Given the company's history, where a miss on EPS estimates led to an 18% share price drop, this positive earnings report is likely to have a favorable impact on the stock price in the short term. The magnitude of the beat and the revenue increase are critical factors that investors will likely view positively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100