Resources Connection, Inc. Fourth Quarter Earnings Sneak Peek

Resources Connection, Inc. (NASDAQ:RECN) will unveil its latest earnings on Thursday, July 14, 2011. Resources Global Professionals, Inc. is a professional services firm that provides clients with experienced professionals specializing in finance, accounting, risk management and internal audit, corporate advisory, strategic communications etc.

Resources Connection, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 9 cents per share, a rise of 80% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 10 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 9 cents during the last month. For the year, analysts are projecting net income of 23 cents per share, a swing from net loss of one cent last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 2 cents per share versus a mean estimate of net income of 7 cents per share. In second quarter, the company beat estimates by one cent.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $147.2 million in revenue this quarter, a rise of 9.9% from the year ago quarter. Analysts are forecasting total revenue of $546.5 million for the year, a rise of 9.5% from last year’s revenue of $499 million.

Analyst Ratings: Analysts seem relatively indifferent about Resources Connection with six of 10 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 9.8% to $137.6 million in third quarter. The figure rose 14% in the second quarter from the year earlier, climbed 4.6% in the first quarter from the year-ago quarter and 1.4% in the fourth quarter of the last fiscal year.

Competitors to Watch: Navigant Consulting, Inc. (NYSE:NCI), CBIZ, Inc. (NYSE:CBZ), FTI Consulting, Inc. (NYSE:FCN), CRA International, Inc. (NASDAQ:CRAI), Huron Consulting Group (NASDAQ:HURN), LECG Corporation (NASDAQ:XPRT), ManpowerGroup (NYSE:MAN), Duff & Phelps Corp (NYSE:DUF).

Stock Price Performance: During April 11, 2011 to July 7, 2011, the stock price has fallen $2.36 (-15.7%) from $15.05 on April 11, 2011 to $12.69 on July 7, 2011. The stock price saw one of its best stretches over the last year between November 29, 2010, and December 8, 2010, when shares rose for eight-straight days, rising 12% (+$1.98) over that span. It saw one of its worst periods between June 3, 2011, and June 15, 2011, when shares fell for nine-straight days, falling 13% (-$1.72) over that span. Shares are down $5.81 (-31.4%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!