The Hackett Group (NASDAQ:HCKT) Releases Q3 2024 Earnings Guidance

The Hackett Group (NASDAQ:HCKT) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.390-0.410 for the period, compared to the consensus estimate of 0.400. The company issued revenue guidance of $74.5 million-$76.0 million, compared to the consensus revenue estimate of $78.2 million.

The Hackett Group Stock Up 2.0 %

HCKT traded up $0.50 during trading hours on Wednesday, reaching $25.77. 152,053 shares of the stock traded hands, compared to its average volume of 98,761. The firm’s fifty day simple moving average is $22.97 and its two-hundred day simple moving average is $23.12. The company has a market cap of $711.61 million, a price-to-earnings ratio of 20.45, a PEG ratio of 1.55 and a beta of 0.91. The Hackett Group has a fifty-two week low of $20.23 and a fifty-two week high of $27.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.66 and a quick ratio of 1.66.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $75.73 million during the quarter, compared to analyst estimates of $73.85 million. The Hackett Group had a net margin of 11.48% and a return on equity of 40.62%. As a group, analysts forecast that The Hackett Group will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an outperform rating and set a $26.00 price target on shares of The Hackett Group in a report on Tuesday, May 28th.

The Hackett Group Company Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.