The Hackett Group (NASDAQ:HCKT) Issues Q3 2024 Earnings Guidance

The Hackett Group (NASDAQ:HCKT) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.390-0.410 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $74.5 million-$76.0 million, compared to the consensus revenue estimate of $78.2 million.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an outperform rating and set a $26.00 price target on shares of The Hackett Group in a report on Tuesday, May 28th.

The Hackett Group Price Performance

Shares of The Hackett Group stock traded up $0.02 on Tuesday, hitting $25.27. The company’s stock had a trading volume of 107,035 shares, compared to its average volume of 98,406. The company has a market capitalization of $697.81 million, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The firm has a fifty day moving average price of $22.90 and a 200-day moving average price of $23.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.66 and a current ratio of 1.66. The Hackett Group has a 1 year low of $20.23 and a 1 year high of $27.68.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $75.73 million for the quarter, compared to analyst estimates of $73.85 million. The Hackett Group had a return on equity of 40.62% and a net margin of 11.48%. As a group, sell-side analysts anticipate that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

About The Hackett Group

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.