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Resources Connection's Earnings Preview

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On Wednesday, Resources Connection (NASDAQ: RECN) will report its last quarter's earnings. Here is Benzinga's take on the company's latest release.

Earnings and Revenue

Analysts predict Resources Connection will report earnings of 20 cents per share on revenue of $152 million.

Resources Connection earnings in the same period a year ago were 15 cents per share. Quarterly sales came in at $147 million.

The current analyst consensus estimate would represent a 11.11 percent increase in the company's EPS figure. Sales would be up from the same quarter last year.

Here's how the Resources Connection's reported EPS has stacked up against analyst estimates in the past:


Quarter Q1 2018 Q4 2017 Q3 2017 Q2 2017
EPS Estimate 0.12 0.26 0.14 0.19
EPS Actual 0.12 0.2 0.09 0.18


Q2 EPS Estimate: 0.2
Q2 Revenues Estimate: $152 million

Stock Performance

At last check, shares of Resources Connection were trading at $15.06. Given that the stock's returns are generally positive over the last year, long-term shareholders can be content going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.

Analyst estimates have adjusted higher for EPS and revenues over the past 90 days.

Posted-In: Earnings News Previews Trading Ideas


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