The Hackett Group Sees Q2 EPS $0.36-$0.39 Vs $0.42 Est.; Revenue $73.5M-$75M Vs $78.3M Est.
Portfolio Pulse from Benzinga Newsdesk
The Hackett Group (HCKT) forecasts Q2 EPS of $0.36-$0.39, below the estimated $0.42, and revenue of $73.5M-$75M, under the expected $78.3M. The outlook assumes a 27.2% GAAP effective tax rate.
May 07, 2024 | 8:14 pm
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NEGATIVE IMPACT
The Hackett Group forecasts lower-than-expected Q2 EPS and revenue, indicating potential short-term negative impact on its stock price.
The Hackett Group's projection of both earnings per share (EPS) and revenue for Q2 2024 falls below analyst estimates, which can lead to negative investor sentiment and a potential decrease in stock price in the short term. The specific mention of lower-than-expected figures directly impacts investor expectations and valuation metrics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100