Resources Connection Inc reports results for the quarter ended February 28 - Earnings Summary

• Resources Connection Inc RGP.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share.

• Revenue fell 14.5% to $129.44 million from a year ago; analysts expected $130.00 million.

• Resources Connection Inc's reported EPS for the quarter was a loss of $1.34​.

• The company reported a quarterly loss of $44.05 million.

• Resources Connection Inc shares had risen by 1.7% this quarter and lost 22.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 699.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold"

• Wall Street's median 12-month price target for Resources Connection Inc is $9.50

This summary was machine generated from LSEG data April 2 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)