Resources Connection (RGP) Beats Q4 Earnings and Revenue Estimates

Company Performance - Resources Connection reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, but down from $0.44 per share a year ago [8] - The company posted revenues of $148.2 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 5.61%, but down from $184.45 million year-over-year [2] - Over the last four quarters, Resources Connection has surpassed consensus EPS estimates four times [9] Stock Performance - Resources Connection shares have declined approximately 22.6% since the beginning of the year, while the S&P 500 has gained 17.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $153.24 million, and for the current fiscal year, it is $1.01 on revenues of $659.69 million [5] Industry Outlook - The Staffing Firms industry, to which Resources Connection belongs, is currently ranked in the top 33% of over 250 Zacks industries, indicating a favorable outlook [13] - The estimate revisions trend for Resources Connection is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [12][11]