Hackett Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Hackett Group Inc HCKT reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of three analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 37 cents to 38 cents per share.

• Revenue rose 1.6% to $78.90 million from a year ago; analysts expected $78.09 million.

• Hackett Group Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $1.66 million.

• Hackett Group Inc shares had fallen by 8.4% this quarter and lost 24.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Hackett Group Inc is $35.00, about 34.9% above its last closing price of $22.78

This summary was machine generated from LSEG data August 5 at 11:26 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)