Hackett Group, Inc. (HCKT) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q EPS/Revenues Outlook

Hackett Group, Inc. (NASDAQ: HCKT) reported Q1 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $63.4 million versus the consensus estimate of $62.17 million.

• Q1 2021 net revenue of $63.4 million exceeds high end of guidance
• Q1 2021 GAAP EPS of $0.19
• Q1 2021 pro forma EPS of $0.27, up 12.5% year over year and exceeds high end of guidance
• Board of Directors approves $20.0 million increase in the Company’s share repurchase program
• Board of Directors declares a $0.10 per share quarterly dividend

“Our revenues and pro forma EPS improved sequentially, and pro forma EPS was up from last year’s mostly pre-COVID first quarter as we continued to experience increasing client engagement and demand,” stated Ted A. Fernandez, Chairman & CEO of The Hackett Group, Inc. “We expect this momentum to continue and to be further enhanced by our IP centric strategic initiatives and the secular migration of digital transformation and cloud enterprise software initiatives.”

GUIDANCE:

Hackett Group, Inc. sees Q2 2021 EPS of $0.28-$0.30, versus the consensus of $0.25. Hackett Group, Inc. sees Q2 2021 revenue of $64.5-66.5 million, versus the consensus of $64.09 million.

• Based on the current economic outlook, the Company's estimates total net revenue for the second quarter of 2021 to be in the range of $64.5 million to $66.5 million. The Company estimates pro forma diluted earnings per share for the second quarter of 2021 to be in the range of $0.28 and $0.30.

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

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