DHI Q2 revenue misses expectations
Overview
DHI Q2 revenue falls 11% yr/yr to $32 mln, missing analyst expectations, per LSEG data
Company reports net loss of $0.8 mln due to $4.2 mln restructuring charge
Non-GAAP EPS rises to $0.07 from $0.06
Outlook
DHI Group lowers full-year revenue guidance to $126-$128 mln
Company expects Q3 revenue between $31 mln and $32 mln
DHI raises full-year Adjusted EBITDA margin guidance to 26%
Result Drivers
RESTRUCTURING CHARGE - Net loss attributed to $4.2 mln restructuring charge aimed at future cost savings
CLEARANCEJOBS PERFORMANCE - ClearanceJobs revenue up 1% yr/yr, demonstrating strategic importance and profitability
DICE DECLINE - Dice revenue and bookings down significantly, reflecting broader tech hiring challenges
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $32.03 mln | $32.20 mln (3 Analysts) |
Q2 EPS | -$0.02 | ||
Q2 Net Income | -$841,000 | ||
Q2 Adjusted EBITDA | $8.50 mln | ||
Q2 Adjusted EBITDA Margin | 27.0% | ||
Q2 Operating income | -$1.26 mln | ||
Q2 Pretax Profit | -$1.92 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 DHI Group Inc is $4.25, about 33.9% above its August 5 closing price of $2.81
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago
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