Noble Financial Issues Pessimistic Estimate for RGP Earnings

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) - Equities researchers at Noble Financial decreased their Q1 2026 EPS estimates for Resources Connection in a research report issued to clients and investors on Monday, July 28th. Noble Financial analyst J. Gomes now anticipates that the company will post earnings per share of ($0.19) for the quarter, down from their prior estimate 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.

RGP has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Resources Connection from $9.50 to $5.00 and set an "underweight" rating for the company in a research report on Thursday, April 3rd. 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 Performance

Resources Connection stock traded down $0.28 during mid-day trading on Thursday, hitting $4.78. 378,171 shares of the company traded hands, compared to its average volume of 286,326. Resources Connection has a one year low of $4.78 and a one year high of $11.27. The stock has a market cap of $159.37 million, a price-to-earnings ratio of -0.82, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. The stock has a fifty day moving average price of $5.40 and a 200-day moving average price of $6.26.

Institutional Investors Weigh In On Resources Connection

A number of hedge funds have recently made changes to their positions in RGP. GAMMA Investing LLC increased its stake in shares of Resources Connection by 3,712.9% in the first quarter. GAMMA Investing LLC now owns 4,728 shares of the company's stock worth $31,000 after buying an additional 4,604 shares during the period. Strs Ohio purchased a new position in shares of Resources Connection in the first quarter worth $48,000. Nisa Investment Advisors LLC increased its stake in shares of Resources Connection by 171.2% in the second quarter. Nisa Investment Advisors LLC now owns 8,466 shares of the company's stock worth $45,000 after buying an additional 5,344 shares during the period. R Squared Ltd purchased a new position in shares of Resources Connection in the second quarter worth $57,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Resources Connection by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company's stock worth $105,000 after buying an additional 1,863 shares during the period. 93.23% of the stock is currently owned by 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.