Recap: The Hackett Group Q2 Earnings

 

The Hackett Group HCKT reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

The Hackett Group beat estimated earnings by 11.76%, reporting an EPS of $0.38 versus an estimate of $0.34.

Revenue was up $2.73 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 10.22% drop in the share price the next day.

Here's a look at The Hackett Group's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.32 0.29 0.28 0.29
EPS Actual 0.38 0.33 0.32 0.39
Revenue Estimate 71.56M 65.72M 67.03M 65.28M
Revenue Actual 75.66M 70.23M 71.89M 73.20M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

The Hackett Group management provided guidance for Q3 2022, expecting earnings between $0.34 and $0.36 per share.

To track all earnings releases for The Hackett Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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