Hackett Group, Inc. (HCKT) Reports In-Line Q4 EPS, Revenues Miss; Offers Q1 EPS/Revenue Guidance Below Consensus

Hackett Group, Inc. (NASDAQ: HCKT) reported Q4 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $61.6 million versus the consensus estimate of $67.32 million.

• Q4 2018 net revenue from continuing operations of $61.6 million, and pro forma EPS of $0.26, both within guidance range
• Q4 2018 GAAP EPS of $0.00 as compared to GAAP EPS of $0.29 in the same period in the prior year. Q4 2018 GAAP EPS include the discontinued operations for REL Working Capital group and the write-off of the investment for the HPE software offering.
• Fiscal 2018 net revenue from continuing operations of $264.5 million, pro forma EPS of $1.06, and GAAP EPS of $0.74.
• Company announces annual dividend increase of 6% from $0.34 to $0.36

“In Q4 we took several actions that reinforced our focus on our growing digital transformation groups and strengthened our organization as we head into 2019,” stated Ted A. Fernandez, Chairman and CEO of The Hackett Group. “Although the decline in our on premise implementation revenues unfavorably impacted our Q4 results and the start of 2019, as we decrease our exposure to our legacy on premise revenue, we expect to continue to get closer to realizing the revenue growth of our digital transformation focus.”

GUIDANCE:

Hackett Group, Inc. sees Q1 2019 EPS of $0.21-$0.23, versus the consensus of $0.26. Hackett Group, Inc. sees Q1 2019 revenue of $61.5-63 million, versus the consensus of $74.43 million.

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

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