Hirequest Inc reports results for the quarter ended June 30 - Earnings Summary

• Hirequest Inc HQI.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of two analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 11 cents to 13 cents per share.

• Revenue fell 12% to $7.64 million from a year ago; analysts expected $7.67 million.

• Hirequest Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $1.06 million.

• Hirequest Inc shares had fallen by 2.4% this quarter and lost 31.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20% 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 "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the employment services peer group is "buy."

• Wall Street's median 12-month price target for Hirequest Inc is $14.00, about 30.4% above its last closing price of $9.75

This summary was machine generated from LSEG data August 8 at 03:58 a.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)