Recent exceptional negative changes in fundamentals have affected Resources Connection Inc (NASDAQ: RGP): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for May, 2024 decreased significantly, and the consensus estimate for May, 2023 decreased significantly.
Important negative changes in Resources Connection Inc (NASDAQ: RGP) investment behavior have recently occurred: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
RGP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Resources Connection has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Resources Connection has a slightly positive Appreciation Score of 66 but a slightly negative Power Rating of 31, producing the Low Neutral Value Trend Rating.
Recent Price Action
On 1/12/24, Resources Connection Inc (NASDAQ: RGP) stock rose modestly by 0.3%, closing at $13.14. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -1.6% during the last week.
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