Hackett Group, Inc. (HCKT) Tops Q3 EPS by 4c, Revenues Beat

Hackett Group, Inc. (NASDAQ: HCKT) reported Q3 EPS of $0.17, $0.04 better than the analyst estimate of $0.13. Revenue for the quarter came in at $57.8 million versus the consensus estimate of $53.14 million.

• Q3 2020 net revenue of $57.8 million exceeds high end of guidance
• Q3 2020 GAAP EPS of $0.09
• Q3 2020 Pro forma EPS of $0.17, which exceeds high end of guidance
• Board of Directors declared a 9.5 cent quarterly dividend

“Although our results continued to be impacted by the pandemic, our revenues grew 10 percent on a quarterly sequential basis, as client demand and engagement improved throughout the quarter,” stated Ted A. Fernandez, Chairman & CEO of The Hackett Group, Inc. “We expect this momentum to continue into the fourth quarter which should allow us to continue to improve our results in the near term and emerge financially and strategically stronger as and when the pandemic subsides.”

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

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