Hackett Group (HCKT) Tops Q1 Earnings and Revenue Estimates

Core Viewpoint - Hackett Group reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and showing an increase from $0.39 per share a year ago, indicating a positive earnings surprise of 2.50% [1] - The company also posted revenues of $76.23 million for the quarter, surpassing the Zacks Consensus Estimate by 0.46% and reflecting a year-over-year increase from $75.73 million [2] Financial Performance - Hackett Group has consistently surpassed consensus EPS estimates over the last four quarters, achieving this milestone four times [2] - The company experienced an earnings surprise of 11.90% in the previous quarter, where actual earnings were $0.47 compared to an expected $0.42 [1][2] Stock Performance - Hackett Group shares have declined approximately 13.2% since the beginning of the year, contrasting with the S&P 500's decline of 3.9% [3] - The current Zacks Rank for Hackett Group is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.43, with projected revenues of $78.89 million, and for the current fiscal year, the estimate is $1.74 on revenues of $316.92 million [7] - The outlook for the consulting services industry is favorable, as it currently ranks in the top 30% of over 250 Zacks industries, suggesting potential for outperformance [8]