Resources Connection Q4 Adj EPS $0.28 Beats $0.07 Estimate, Sales $148.20M Beat $140.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Resources Connection (NASDAQ:RGP) reported Q4 adjusted EPS of $0.28, significantly beating the $0.07 estimate. Sales were $148.20M, also surpassing the $140.60M estimate. However, both EPS and sales decreased compared to the same period last year.
July 18, 2024 | 8:25 pm
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Resources Connection (NASDAQ:RGP) reported Q4 adjusted EPS of $0.28, beating the $0.07 estimate by 300%. Sales were $148.20M, surpassing the $140.60M estimate. Despite these beats, both EPS and sales decreased compared to the same period last year.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on RGP's stock price. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100