Hackett Group, Inc. (HCKT) Reports In-Line Q2 EPS, Slight Miss on Revenues; Offers 3Q EPS/Revenue Mid-Point Below Consensus

Hackett Group, Inc. (NASDAQ: HCKT) reported Q2 EPS of $0.25, in-line with the analyst estimate of $0.25. Revenue for the quarter came in at $73.6 million versus the consensus estimate of $74.36 million.

• Q2 2017 gross revenue of $73.6 million, down 3% from prior year and in line with guidance
• Q2 2017 net revenue of $67.7 million down 1%, up slightly on a constant currency basis from prior year, and in line with guidance
• Q2 2017 pro forma EPS of $0.25 per share, up 4% from prior year and at mid-point of guidance, and pro forma EBITDA of $12.2 million, up 3% from prior year
• Board of Directors announces $5.0 million increase to share repurchase program authorization

GUIDANCE:

Hackett Group, Inc. sees Q3 2017 EPS of $0.24-$0.26, versus the consensus of $0.26. Hackett Group, Inc. sees Q3 2017 revenue of $69.5-71.5 million, versus the consensus of $77.13 million.

For earnings history and earnings-related data on Hackett Group, Inc. (HCKT) click here.

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