On Thursday, July 18, Resources Connection 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|
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.
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
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