Resources Connection (RGP) Reports Break-Even Earnings for Q1

Group 1 - Resources Connection (RGP) reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of $0.04, and compared to earnings of $0.20 per share a year ago, representing an earnings surprise of -100% [1] - The company posted revenues of $136.94 million for the quarter ended August 2024, missing the Zacks Consensus Estimate by 0.63%, and down from year-ago revenues of $170.17 million [2] - Resources Connection shares have lost about 31.6% since the beginning of the year, while the S&P 500 has gained 20.8% [3] Group 2 - The current consensus EPS estimate for the coming quarter is $0.10 on $141.76 million in revenues, and $0.80 on $607.26 million in revenues for the current fiscal year [7] - The Zacks Industry Rank indicates that the Staffing Firms industry is currently in the bottom 41% of over 250 Zacks industries, suggesting potential underperformance compared to the top 50% [8]