Resources Connection Inc (NASDAQ: RGP) has reported E.P.S. of $0.08 for its third fiscal quarter (ending February 28) versus $0.21 for the same period a year ago — a decline of -62%. Relative to the consensus estimate of $0.05, this was a premium of $0.03. E.P.S. were $0.67 for the latest four quarters through February 28 versus $1.89 for the same period a year ago — a decline of -65%.
Recent Price Action
On 4/3/24, Resources Connection Inc (NASDAQ: RGP) stock declined by -2.5%, closing at $12.28. However, trading volume in this decline was below average at 77% of normal. Relative to the market the stock has been weak over the last nine months and has declined -5.2% during the last week.
Current PriceTarget Research Rating
RGP is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 poor Power Rating of 27, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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