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HireQuest, Inc. (HQI) Q2 Earnings and Revenues Top Estimates
ZACKSยท 2025-08-07 22:26
Core Insights - HireQuest, Inc. reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, with a year-over-year comparison showing no change in earnings [1] - The company achieved a revenue of $7.64 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.57%, although this represents a decline from $8.68 million in the same quarter last year [2] - HireQuest's stock has underperformed, losing approximately 31% since the beginning of the year, while the S&P 500 has gained 7.9% [3] Earnings Performance - Over the last four quarters, HireQuest has surpassed consensus EPS estimates three times [2] - The company had a previous earnings surprise of -28.57% when it reported earnings of $0.10 per share against an expectation of $0.14 per share [1][2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $7.59 million, and for the current fiscal year, it is $0.40 on revenues of $34.2 million [7] - The estimate revisions trend for HireQuest was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Staffing Firms industry, to which HireQuest belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges ahead [8]