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GEE Group (JOB)
:JOB
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted strategic initiatives such as the acquisition of Hornet Staffing and cost reduction efforts. However, these positives were overshadowed by significant declines in revenue, profitability, and a challenging hiring environment, resulting in a negative EBITDA.Company Guidance
During the GEE Group's Fiscal Year 2025 First Quarter earnings call, several key metrics were discussed, reflecting the challenging conditions faced by the company. Consolidated revenues for the quarter ended December 31, 2024, were reported at $26 million, marking a 15% decline from the prior year. Gross profits stood at $8.3 million with a gross margin of 31.9%, slightly up from 31.8% in the previous year. The company reported a net loss of $700,000 or $0.01 per diluted share, improved from a $1.6 million loss in the prior year. Non-GAAP adjusted EBITDA was negative $300,000. Liquidity remained strong with $19.7 million in cash and a working capital ratio of 4.7-to-1. The call highlighted strategic actions, including cost reductions and the acquisition of Hornet Staffing Inc., aimed at improving financial performance and positioning the company for future growth.Strategic Acquisition of Hornet Staffing Inc.
On January 3, 2025, GEE Group acquired Hornet Staffing Inc., enhancing their ability to compete effectively, particularly in IT, professional, and customer service staffing verticals. The acquisition is expected to be accretive to earnings.
Cost Reduction Initiatives
GEE Group eliminated an estimated $3 million in annual SG&A costs last fall and continues to look for further cost reduction opportunities.
Improved Gross Margin
The gross margin for Professional Contract Services increased by 20 basis points to 25.2%, and Industrial Contract Services increased by 250 basis points to 18.5%.
Strong Liquidity Position
As of December 31, 2024, GEE Group had $19.7 million in cash, an undrawn ABL credit facility with $7 million availability, and no outstanding debt.
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JOB 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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JOB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $0.24 | $0.24 | 0.00% |
| Dec 19, 2024 | $0.22 | $0.23 | +4.55% |
| Aug 14, 2024 | $0.28 | $0.27 | -3.57% |
| May 15, 2024 | $0.32 | $0.32 | 0.00% |
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 GEE Group (JOB) report earnings?
GEE Group (JOB) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is GEE Group (JOB) earnings time?
GEE Group (JOB) earnings time is at May 19, 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 JOB EPS forecast?
Currently, no data Available
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