Q1 EPS Forecast for Resources Connection Lowered by Analyst

Key Points

• Noble Financial has significantly reduced its Q1 2026 earnings per share estimate for Resources Connection from ($0.06) to ($0.19), indicating a pessimistic outlook for the company.
• JPMorgan Chase & Co. has set an "underweight" rating for RGP and decreased its target price from $9.50 to $5.00.
• Institutional investors own over 93% of the company's stock, with significant increases in holdings from wealth management firms during the first quarter.

Resources Connection, Inc. (NASDAQ:RGP - Free Report) - Analysts at Noble Financial cut their Q1 2026 EPS estimates for shares of Resources Connection in a research report issued on Monday, July 28th. Noble Financial analyst J. Gomes now expects that the company will post earnings of ($0.19) per share for the quarter, down from their prior forecast of ($0.06). Noble Financial also issued estimates for Resources Connection's Q2 2026 earnings at $0.04 EPS, Q3 2026 earnings at $0.06 EPS, Q4 2026 earnings at $0.24 EPS, FY2026 earnings at $0.13 EPS and FY2027 earnings at $0.56 EPS.

Separately, Wall Street Zen upgraded shares of Resources Connection from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 26th.

Resources Connection Stock Down 1.2%

NASDAQ:RGP traded down $0.06 during midday trading on Thursday, reaching $4.72. The stock had a trading volume of 151,555 shares, compared to its average volume of 286,537. The firm has a fifty day simple moving average of $5.40 and a two-hundred day simple moving average of $6.22. Resources Connection has a 12-month low of $4.73 and a 12-month high of $11.20. The stock has a market cap of $157.40 million, a P/E ratio of -0.81, a P/E/G ratio of 2.66 and a beta of 0.66.

Institutional Investors Weigh In On Resources Connection

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Resources Connection by 17.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company's stock worth $105,000 after purchasing an additional 1,863 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Resources Connection by 12.3% during the 4th quarter. Mackenzie Financial Corp now owns 17,527 shares of the company's stock worth $150,000 after purchasing an additional 1,921 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Resources Connection by 3.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 81,689 shares of the company's stock worth $439,000 after buying an additional 2,582 shares in the last quarter. LPL Financial LLC boosted its position in shares of Resources Connection by 6.2% in the 4th quarter. LPL Financial LLC now owns 48,762 shares of the company's stock worth $416,000 after buying an additional 2,837 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Resources Connection by 19.4% in the 1st quarter. MetLife Investment Management LLC now owns 18,249 shares of the company's stock worth $119,000 after buying an additional 2,969 shares in the last quarter. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

Resources Connection Company Profile

Resources Connection, Inc provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.