Analysts Estimate Resources Connection (RGP) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Resources Connection (RGP) due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The earnings report is expected on October 1, 2024, with a consensus estimate of $0.04 per share, reflecting an 80% decrease year-over-year. Revenues are projected at $137.8 million, down 19% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised down by 66.67% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a negative reading of -100% for Resources Connection, suggesting analysts have become more pessimistic. The stock holds a Zacks Rank of 3, complicating predictions of an earnings beat [10][8]. Historical Performance - Resources Connection has exceeded consensus EPS estimates in the last four quarters, with a notable surprise of +180% in the most recent quarter where actual earnings were $0.28 compared to an expected $0.10 [11][12]. Conclusion - Resources Connection does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors before making investment decisions [15][13].