Resources Connection (RECN) to Release Earnings on Tuesday
Resources Connection (NASDAQ:RECN) will be releasing its Q114 earnings data on Tuesday, October 1st. Analysts expect Resources Connection to post earnings of $0.12 per share and revenue of $133.43 million for the quarter.
Resources Connection (NASDAQ:RECN) last announced its earnings results on Tuesday, July 16th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $140.20 million for the quarter, compared to the consensus estimate of $141.67 million. During the same quarter last year, the company posted $0.21 earnings per share. Resources Connection’s revenue was down 3.6% compared to the same quarter last year. On average, analysts expect Resources Connection to post $0.61 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.
Shares of Resources Connection (NASDAQ:RECN) opened at 13.60 on Monday. Resources Connection has a one year low of $10.58 and a one year high of $13.93. The stock has a 50-day moving average of $13.12 and a 200-day moving average of $12.23. The company has a market cap of $542.4 million and a price-to-earnings ratio of 27.03.
On a related note, analysts at TheStreet upgraded shares of Resources Connection (NASDAQ:RECN) from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Resources Connection presently has a consensus rating of “Buy” and a consensus target price of $13.13.
Resources Connection, Inc, is a professional services company. The Company together with its subsidiaries primarily provides services under the name Resources Global Professionals.
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