Overview
Hudson Global Q2 revenue beats analyst expectations despite a 0.5% decline yr/yr
Adjusted net revenue rises 5.8%, driven by Asia Pacific business activity
Co reports net loss of $0.7 mln, missing analyst expectations
Outlook
Company expects merger with Star Equity to enhance shareholder value
Result Drivers
ASIA PACIFIC GROWTH - Adjusted net revenue in Asia Pacific increased 17% due to heightened business activity
STRATEGIC INVESTMENTS - Co invested $1.4 mln in sales, marketing, and technology to enhance future growth
ACQUISITIONS - Entry into Japanese market via acquisition of Alpha Consulting Group, enhancing regional capabilities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $35.54 mln | $34.40 mln (1 Analyst) |
Q2 Net Income | Miss | -$688,000 | -$133,000 (1 Analyst) |
Q2 Operating Income | Beat | -$211,000 | -$262,000 (1 Analyst) |
Q2 Pretax Profit | Miss | -$343,000 | -$191,000 (1 Analyst) |
Q2 Operating Expenses |
| $35.75 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Hudson Global Inc is $19.00, about 52% above its August 7 closing price of $9.12
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 29 three months ago
Press Release: ID:nGNX4zNxwR