Market Overview

Resources Connection Q4 Earnings Preview

Share:

On Thursday, July 18, Resources Connection (NASDAQ: RECN) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Earnings and Revenue

Wall Street analysts see Resources Connection reporting earnings of 26 cents per share on revenue of $182.45 million.

If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be down 3.70%. Revenue would be down 0.73% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q3 2019 Q2 2019 Q1 2019 Q4 2018
EPS Estimate 0.22   0.11 0.28
EPS Actual 0.2 0.33 0.18 0.27

Stock Performance

Over the past 52-week period, shares of Resources Connection have declined 5.99%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Resources Connection. The strength of this rating has maintained conviction over the past three months.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Resources Connection is scheduled to hold the call at 5:00 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/8ybouzrd

Posted-In: Earnings News

 

Related Articles (RECN)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Q2 Earnings Preview For Capital One Financial

Q2 Earnings Outlook For Skechers