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The Hackett Group (HCKT)
NASDAQ:HCKT
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.41Last Year’s EPS
$0.39Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 26.98%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in the Oracle and SAP segments, exceeding revenue and EPS guidance, and promising growth in GenAI consulting following a strategic acquisition. However, the flat performance in the Global S&BT segment and a decrease in GAAP net income were notable challenges. The call conveyed an optimistic outlook for future growth, particularly in GenAI initiatives.Company Guidance
During The Hackett Group's Q3 2024 earnings call, guidance for the fourth quarter anticipated total revenue before reimbursements to range between $73.5 million and $75 million, reflecting a 3% to 5% increase compared to the previous year. Adjusted diluted net income per share was projected to be between $0.41 and $0.43. The company expected adjusted gross margins of 45% to 46% and adjusted EBITDA margins of 23% to 24%. Strategic investments were focused on expanding GenAI capabilities, driven by the AI XPLR platform and the recent acquisition of LeewayHertz. Despite the seasonal decrease in available billing days by approximately 10%, Hackett anticipated sequential revenue growth in all segments, with continued strength in their Oracle and SAP Solutions segments.Exceeding Quarterly Guidance
Total revenues of $79.8 million and adjusted earnings per share of $0.43 exceeded the company's quarterly guidance.
Strong Oracle and SAP Segment Growth
Oracle Solutions segment revenues increased by 7% and SAP Solutions segment revenues increased by 17% compared to the prior year.
GenAI Consulting Growth
Sequential quarterly revenue growth in GenAI engagements driven by the AI XPLR platform, with expectations for continued growth into 2025.
Strategic Acquisition of LeewayHertz
Acquisition of LeewayHertz, enhancing GenAI implementation capabilities and creating joint venture opportunities.
Stock Buyback Program Expansion
An additional $20 million was authorized for the company's stock buyback program, bringing the total authorization to $31.1 million.
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HCKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HCKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $24.26 | $28.52 | +17.56% |
| Aug 06, 2024 | $25.08 | $25.57 | +1.95% |
| May 07, 2024 | $21.92 | $21.29 | -2.87% |
| Feb 20, 2024 | $22.53 | $24.62 | +9.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does The Hackett Group (HCKT) report earnings?
The Hackett Group (HCKT) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is The Hackett Group (HCKT) earnings time?
The Hackett Group (HCKT) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HCKT EPS forecast?
HCKT EPS forecast for the fiscal quarter 2024 (Q4) is $0.41.
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