Resources Connection Q3 2024 Adj EPS $0.17 Beats $0.06 Estimate, Sales $151.300M Miss $152.772M Estimate
Portfolio Pulse from Benzinga Newsdesk
Resources Connection (RGP) reported Q3 2024 adjusted EPS of $0.17, surpassing the $0.06 estimate, but its sales of $151.300M fell short of the $152.772M forecast, marking an 18.99% decrease from the previous year.
April 03, 2024 | 8:41 pm
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RGP's Q3 2024 earnings surpassed expectations with an EPS of $0.17 against a $0.06 estimate, but sales missed forecasts and showed a significant year-over-year decline.
While RGP's earnings per share significantly exceeded analyst expectations, the slight miss in sales forecasts and a notable year-over-year sales decline could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as the positive earnings surprise may be offset by concerns over sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100