Resources Connection Inc (NASDAQ: RGP) has reported earnings for its second fiscal quarter (ending November 30) of $0.15 versus $0.52 for the same period a year ago — a decline of -71%. For the latest four quarters through November 30, E.P.S. were $0.80 versus $2.28 for the same period a year ago — a decline of -65%.
Recent Price Action
Resources Connection Inc (NASDAQ: RGP) stock declined by -2.1% on 1/3/24. The shares closed at $13.69. Moreover, unusually high trading volume at 172% of normal accompanied the decline. The stock has declined -3.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RGP is expected to continue to be a Value Builder.
Resources Connection has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Resources Connection has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 39, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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