Hackett Group (HCKT) Surpasses Q2 Earnings and Revenue Estimates

Group 1 - Hackett Group reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, with an earnings surprise of 2.63% [1] - The company achieved revenues of $75.9 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.35% and showing a slight increase from $75.64 million year-over-year [2] - Hackett Group has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - The stock has gained approximately 10.9% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [3] - The future performance of Hackett Group's stock will largely depend on management's commentary during the earnings call and the outlook for earnings estimates [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $76.4 million, and for the current fiscal year, it is $1.57 on revenues of $300.75 million [7] Group 3 - The Consulting Services industry, to which Hackett Group belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Hackett Group's stock performance [5]