Resources Connection Inc reports results for the quarter ended May 31 - Earnings Summary

• Resources Connection Inc RGP reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of three analysts for the quarter was for a loss of one cent per share.

• Revenue fell 6% to $139.34 million from a year ago; analysts expected $134.50 million.

• Resources Connection Inc's reported EPS for the quarter was a loss of $2.23​.

• The company reported a quarterly loss of $73.31 million.

• Resources Connection Inc shares had risen by 2.4% this quarter and lost 35.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy."

• Wall Street's median 12-month price target for Resources Connection Inc is $12.00, about 54.2% above its last closing price of $5.50

This summary was machine generated from LSEG data July 24 at 09:02 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)