Resources Connection Set for Earnings Report Amid Decline

Resources Connection is facing a significant forecast drop, with a consensus EPS of $-0.04, down 128.57% from last year. This news could negatively impact investor sentiment as they anticipate the upcoming earnings report.

Date: 03-01-2025

AI Rating: 4

Earnings Per Share (EPS)
Resources Connection, Inc. is projected to report an earnings per share (EPS) of $-0.04 for the quarter ending November 30, 2024. This marks a substantial decrease of 128.57% compared to the same quarter from the previous year. Such a significant drop in earnings could lead to investor concern and negatively impact the company’s stock price.

Past Performance
The company previously missed consensus earnings per share estimates in the third calendar quarter of 2024 by -142.86%. This history of underachievement could raise further doubts about the company’s financial stability and performance, discouraging potential investors.

Price to Earnings Ratio
Zacks Investment Research indicates that the Price to Earnings (P/E) ratio for Resources Connection is an alarming -426.50, which starkly contrasts with the industry average of -11.40. A negative P/E ratio paired with such disparity against the industry suggests that the company is experiencing profound challenges in profitability. This could lead to further depreciation of its stock price as investors evaluate the company's sustainability in the market.

Stocks: RGP