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The Hackett Group, Inc. reports results for the quarter ended September 30 - Earnings Summary
The Hackett Group reported adjusted earnings of 39 cents per share for the quarter ended September 30, up from 37 cents a year earlier and above analysts' 37–38-cent expectations. Revenue fell 4.5% to $69.79 million, while reported earnings per share were 14 cents and net income was $3.56 million.
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What happened
The Hackett Group reported adjusted earnings of 39 cents per share for the quarter ended September 30, up from 37 cents a year earlier and above analysts’ 37–38-cent expectations. Revenue fell 4.5% to $69.79 million, while reported earnings per share were 14 cents and net income was $3.56 million.
Confirmed
Global impact / market context
Higher adjusted earnings despite lower revenue suggest the company generated more adjusted profit per share while bringing in less overall sales. If that pattern continues, revenue pressure could limit growth, while the gap between adjusted and reported earnings makes the underlying costs and adjustments important to investors.
Analyst inference
Analysts’ average earnings estimate had declined about 5.9% over three months, but there were no revisions in the latest 30 days. The shares had gained 31.3% this quarter and fallen 32.8% year to date, leaving recent performance sharply mixed.
Confirmed
What to watch
- Watch upcoming results for revenue and adjusted earnings per share; continued revenue declines alongside rising adjusted earnings would help show whether cost control is supporting results. Analyst inference
- Compare reported earnings per share with adjusted earnings per share in future updates, since the current 14-cent reported figure is well below adjusted earnings of 39 cents. Analyst inference
- Track analyst estimate changes and recommendations; the reported average rating was buy, with three strong-buy or buy ratings and no hold or sell ratings. Confirmed
Evidence
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