What is Noble Financial's Forecast for RGP Q4 Earnings?

Key Points

• Noble Financial analyst J. Gomes forecasts Resources Connection will earn $0.04 EPS for Q4 2027.
• Resources Connection last reported ($0.09) EPS, missing consensus by $0.04, with revenue of $107.93M slightly below expectations and a negative net margin.
• Wall Street Zen downgraded the stock to a sell; the consensus is a "Hold" with an average target of $7.00 while shares trade near $3.77 and the company yields about 7.4%.

Resources Connection, Inc. (NASDAQ:RGP - Free Report) - Analysts at Noble Financial issued their Q4 2027 EPS estimates for Resources Connection in a note issued to investors on Friday, April 10th. Noble Financial analyst J. Gomes anticipates that the company will earn $0.04 per share for the quarter.

Separately, Wall Street Zen lowered shares of Resources Connection from a "hold" rating to a "sell" rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.00.

Resources Connection Trading Up 4.1%

Resources Connection stock opened at $3.77 on Tuesday. The firm has a 50-day moving average of $3.77 and a 200-day moving average of $4.41. The firm has a market cap of $129.42 million, a P/E ratio of -1.27 and a beta of 0.45. Resources Connection has a 1-year low of $3.06 and a 1-year high of $6.30.

Resources Connection (NASDAQ:RGP - Get Free Report) last posted its earnings results on Wednesday, April 8th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). The firm had revenue of $107.93 million for the quarter, compared to analysts' expectations of $108.19 million. Resources Connection had a negative return on equity of 0.55% and a negative net margin of 20.16%.

Institutional Trading of Resources Connection

Several institutional investors and hedge funds have recently bought and sold shares of RGP. First Manhattan CO. LLC. purchased a new stake in Resources Connection in the fourth quarter worth about $3,785,000. Kennedy Capital Management LLC purchased a new stake in Resources Connection in the fourth quarter worth about $3,002,000. Charles Schwab Investment Management Inc. lifted its holdings in Resources Connection by 37.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,407,032 shares of the company's stock worth $7,091,000 after buying an additional 380,769 shares during the period. Peapod Lane Capital LLC purchased a new stake in Resources Connection in the fourth quarter worth about $1,809,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Resources Connection in the fourth quarter worth about $1,140,000. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

Resources Connection Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 20th were issued a $0.07 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.28 annualized dividend and a yield of 7.4%. Resources Connection's dividend payout ratio (DPR) is -9.46%.

About Resources Connection

Resources Connection, Inc NASDAQ: RGP is a publicly traded professional services firm that specializes in providing independent consulting and project-based teams to help organizations manage critical business challenges. Operating under the RGP brand, the company connects highly skilled consultants with clients seeking support in areas such as finance and accounting, legal and risk management, supply chain optimization, technology implementation, and digital transformation.

RGP's consultants bring specific industry and functional expertise to engagements, working on a flexible basis that allows clients to scale resources up or down as needed.

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