The Hackett Group (NASDAQ:HCKT) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
The Hackett Group beat estimated earnings by 18.75%, reporting an EPS of $0.38 versus an estimate of $0.32.
Revenue was up $12.18 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 7.03% increase in the share price the next day.
Here's a look at The Hackett Group's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.29 | 0.28 | 0.29 | 0.25 |
| EPS Actual | 0.33 | 0.32 | 0.39 | 0.27 |
| Revenue Estimate | 65.72M | 67.03M | 65.28M | 61.85M |
| Revenue Actual | 70.23M | 71.89M | 73.20M | 63.49M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
The Hackett Group management provided guidance for Q2 2022, expecting earnings between $0.33 and $0.35 per share.
To track all earnings releases for The Hackett Group visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
