* Resources Connection Inc reported quarterly adjusted earnings of 17 cents per share for the quarter ended in February, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of three analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 2 cents to 9 cents per share.
* Revenue fell 19% to $151.31 million from a year ago; analysts expected $152.77 million.
* Resources Connection Inc's reported EPS for the quarter was 8 cents.
* The company reported quarterly net income of $2.55 million.
* Resources Connection Inc shares had fallen by 4.3% this quarter and lost 11.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 56% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the business support services peer group is "sell."
Wall Street's median 12-month price target for Resources Connection Inc is $17.00 This summary was machine generated from LSEG data April 3 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Feb. 29 2024 0.06 0.17 Beat
Nov. 30 2023 0.13 0.28 Beat
Aug. 31 2023 0.19 0.20 Beat
May. 31 2023 0.30 0.44 Beat
