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Resources Connection Inc. (RGP)
:RGP
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Earnings Data
Report Date
Apr 02, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.11Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 03, 2018
|% Change Since: -2.52%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant sequential improvements and strategic achievements, such as technology platform implementation and consulting segment growth. However, challenges persist, including year-over-year revenue decline, impairment charges, and macroeconomic uncertainty. The overall sentiment is cautiously optimistic with some areas of concern.Company Guidance
During the Q2 2025 earnings call, RGP's management provided optimistic guidance, highlighting sequential improvements across various financial metrics. The company reported a 6.3% increase in revenue, achieving $145.6 million, and improved gross margins by 200 basis points to 38.5%. Adjusted EBITDA rose to $9.7 million, marking a significant increase from $2.3 million in Q1, with a margin of 6.6%. The consulting segment saw a 10.2% growth in revenue, while Europe and Asia recorded a 10% overall improvement. Additionally, the on-demand segment experienced a slight revenue increase, continuing its stabilization. The successful implementation of a new technology platform in North America was highlighted, with 75% of operations now utilizing this modern system, expected to drive greater efficiency and market speed. Management remains cautiously optimistic, focusing on diversified service offerings to enhance client relationships and market resilience amidst the ongoing macroeconomic challenges.Sequential Improvement Across Key Metrics
RGP reported sequential improvement in revenue, gross margin, and adjusted EBITDA in Q2. Top line revenue grew by over 6%, gross margin improved by 200 basis points to 38.5%, and adjusted EBITDA increased to $9.7 million, up from $2.3 million in Q1.
Significant Growth in International Markets
Europe improved top line sequentially by 18%, while Asia grew steadily at 4%, resulting in an overall segment improvement of 10%.
Successful Technology Platform Implementation
RGP successfully implemented a new technology platform in North America, including Workday Financials and Workday Professional Services automation module, optimizing Workday HCM and Salesforce platform. This modernization is expected to drive greater efficiency and speed to market.
Consulting Segment Growth
The Consulting segment achieved 10% growth in Q2 with improved bill rates and utilization metrics. Several consulting contracts valued at over $1 million were secured, with multiple opportunities each exceeding $10 million in potential value.
Strong Financial Position
RGP has $78 million in cash and cash equivalents with no outstanding debt. The company generated $23 million of free cash flow over the trailing 12-month period.
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RGP 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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RGP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 02, 2025 | $8.72 | $9.08 | +4.13% |
| Oct 01, 2024 | $9.32 | $8.21 | -11.91% |
| Jul 18, 2024 | $10.30 | $10.86 | +5.44% |
| Apr 03, 2024 | $11.77 | $10.88 | -7.56% |
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 Resources Connection Inc. (RGP) report earnings?
Resources Connection Inc. (RGP) is schdueled to report earning on Apr 02, 2025, TBA Not Confirmed.
What is Resources Connection Inc. (RGP) earnings time?
Resources Connection Inc. (RGP) earnings time is at Apr 02, 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 RGP EPS forecast?
RGP EPS forecast for the fiscal quarter 2025 (Q3) is -0.11.
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